Owen Holzbach recently wrote in Power and Market ”How Public Schools Teach Economics.” I had a similar experience in my high school macroeconomics class. As taught, Keynesian economics provides a “toolkit” for wannabe central planners.
The 2016 Brexit referendum was the culmination of a debate which had been ongoing for years.
It doesn’t require too dark an imagination to realize the gravity of the concerns over the digital yuan. China is a true pioneer when it comes to surveillance, censorship, and political oppression, and the digital age has given the state an incredibly efficient and effective arsenal.
Henry David Thoreau has inspired generation of Americans to live fuller, freer lives. From his story of spending a night in jail as a tax protestor in “Civil Disobedience” to his chronicle of solitary living in Walden, Thoreau reached higher ground by going against the herd.
Among the essential concepts Mises analyzes and dwells upon in Human Action (1949), there is the notion of capital. Mises conceives of capital as a factor of production intrinsically different from land and labor.
Most economists hold that a growing economy requires a growing money stock on grounds that growth gives rise to a greater demand for money that must be accommodated. Failing to do so, it is maintained, will lead to a decline in the prices of goods and services, which in turn will destabilize the economy and lead to an economic recession, or even worse, depression.
