Given the popular view that expectations are the key driving force of an economy, many economists hold that “positive” thinking and large dosages of “good” news can prevent bad expectations from developing. This, in turn, will prevent a fall in economic activity.
This is why, when the economy falls into a recession, economists quoted by the press are often very guarded in their speech.
On this Rothbard wrote,
Martin Štefunko, Chief Investment Officer of PPF Group N.V., is featured on the cover of this month’s Forbes in the Czech Republic.
[This is Part One of a three part series. See Part Two and Part Three.]
Ever since the early days of Donald Trump’s campaign, his immigration policy has been centered around spending big bucks on immigration enforcement. From his famous border wall to stepped-up federal deportation operations, few would describe Trump’s policies as laissez-faire, and most involve increasing the size and scope of government.
For years, people have demanded an update to Henry Hazlitt’s 1946 best seller Economics in One Lesson. Now we have one.
In Economics in Three Lessons, Hunter Lewis brings Hazlitt’s timeless wisdom to the 21st Century.
Even better, Lewis includes an additional work, One Hundred Economic Laws. Finally, an easy to reference collection of axioms to refute the economic fallacies from either the left or the right.
A complete course in economics, in just one short book.
Civil libertarians: a wholly unaccountable government agency records 100% of your electronic communications.
Americans: *yawn*
Media: a private firm, accountable to its board, shareholders, and customers, has been sharing some information you gave it.
Americans: *meltdown*
March Madness has finally ended, albeit in April. However, the federal prohibition against gambling on the basketball games continues.
While Trump’s presidency has largely been a disappointment in terms of policy, he has been very successful in forcing progressives to reconsider their love of the Federal government.
Frequently we see the case against gun control entirely grounded upon a Constitutional defense of the Second Amendment. While the Founding Fathers’ warnings about the importance of defending liberty with an armed populace are as important today as they have ever been, this approach has some flaws.
Measuring gains or losses in the standard of living is not a simple matter. We know that over the past century in the United States, working hours have declined, and real incomes have increased. By nearly every measure we can imagine, the standard of living in the United States has increased substantially since the late nineteenth century and early twentieth century. But how have conditions changed over just the past 15 or 25 years?
