Contra Ben Bernanke, the Gold Standard Promotes Economic Stability
How Governments Expropriate Wealth with Inflation and Taxes
Don’t Blame Social Media. Blame the Politicization of Nearly Everything
Government Intervention Is Fueling Food Shortages
Hotter than the Sun: Finally, a Book Worth Reading
The top seller on Amazon for books devoted to war and peace as of this writing, Scott Horton’s newest offering, Hotter than the Sun: Time to Abolish Nuclear Weapons, is a timely must read. As Washington barrels heedlessly along into Cold War II, the American public badly needs educating on the current risks, past close calls, and the utter insanity of an entire for-profit industry built on the flawed concept of thousands of thermonuclear bombs as “weapons” that keep us safe.
We Need More Inequality, Not Less
We are bombarded regularly with narratives touting the ravaging effects of income inequality in capitalist societies. For many, inequality is the signature economic story of the twentieth century and must be averted at all costs. But inequality is only problematic when it’s the culmination of corrupt policies that grant favors to privileged groups. In reality, market-driven inequality is the source of unbridled progress.
Foreign Policy Fail: Biden’s Sanctions are a Windfall For Russia!
It’s easy to see why, according to a new Harris poll, 71 percent of Americans said they do not want Joe Biden to run for re-election. As Americans face record gas prices and the highest inflation in 40 years, President Biden admits he could not care less. His Administration is committed to fight a proxy war with Russia through Ukraine and Americans just need to suck it up.
Do Price Increases or Money Supply Increases Misallocate Resources?
Most economists and economic commentators believe that inflation is defined as general increases in prices of goods and services. Thus, they hold that anything that contributes to price increases sets inflation into motion.
Argentina’s Difficult Political Landscape and Libertarian Prospects for Change
Argentina, the mystery of South America. How could a country that was once the most prosperous in the world now rank seventy-third (see figure below)? It is also in sixth place in the Annual Misery Index. How could this happen? What’s going on now?