What’s the Price of Gold? It Depends.
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When someone asks what the price of gold is, the answer depends on which gold market he means.
What the Trade Balance Means for a Currency’s Purchasing Power
In July this year the US trade balance stood at a deficit of $63.6 billion against a deficit of $51 billion in July last year. Some commentators regard a widening in the trade deficit as an ominous sign for the exchange rate of the US dollar against major currencies in the times ahead.
A Strategy to Restore Liberal Education
The term “liberal education” is very commonly thrown around in American political discourse pertaining to higher education. But what does it really mean?
The University of Mississippi notes that a liberal education is “about nurturing human freedom by helping people discover and develop their talents.”
The Fed’s Brilliant Plan? More Inflation and Higher Prices
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1920: The Crash That Cured Itself
The Spanish flu of 1918 is an event that, unsurprisingly, is being revisited by many observers today. And yet, at the same time, another major event occurred a century ago which we would also do well to remember: namely the largely forgotten economic depression of 1920.
Comparing Latin America’s Economic Models: Left vs. Right
It is very difficult to conduct social science experiments, particularly in economics. Beyond some developments in experimental economics that involve lab tests, conducting economic experiments is practically impossible, especially for macro issues. However, fortunately, historical developments provide us with some natural experiments from time to time.
The Fed’s New Policy Risks a Return of the 1970s
On August 27, the Federal Reserve released an important revision to its monetary policy strategy, replacing 2 percent price inflation targeting—initially adopted in 2012—with a new approach in which the Fed will target an average inflation rate instead.
How Government-Owned Streets Prevent Effective Law Enforcement
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Mandatory Covid-19 Vaccination Is Unethical and Unscientific
The post-covid-19 world is a surrealistic nightmare. Businesses have been shut down arbitrarily without any evidence that these shutdowns save any lives. Tens of millions of Americans have become unemployed due to these shutdowns. There are already demands for mandatory covid-19 vaccination even before a vaccine is available.
