Economics and Moral Courage

It must be really painful to be an economist of the mainstream today—at least, it should smart to some extent. In a financial and economic calamity of the current scale, people naturally want to know who issued the warnings about the real-estate bubble and its likely aftermath.

Economics and Moral Courage

Secession: Why the Regime Tolerates Self-Determination for Foreigners but Not for Americans

Opponents of secession in the United States often choose from several reasons as to why no member state of the United States should be allowed to separate from the rest of the confederation. Some antisecessionists say it’s bad for national security reasons. Others oppose secession for nationalistic reasons, declaring that “we”—whoever that is—shouldn’t “give up on America.

US Labor Market: Help Wanted!

As we enter the holiday season stock owners have been the big losers of 2022, but jobs are still plentiful and nominal wages are rising rapidly. The Wall Street Journal reports “Stiff Demand Drives Gains in Jobs, Wages” (December 4). Faced with a stagnant stock market, nothing bolsters confidence more than the plethora of job openings, seemingly everywhere, and for all types of jobs.

One Expensive Christmas

This Christmas, try to remember there’s poverty and then there’s “poverty.” In America millions of people have fallen on hard times as their savings continue to erode due to the government intervention and central bank currency inflation of late. This devastation is sobering, while other countries in the world whose socialism is “more advanced” than America’s face poverty that is difficult to fathom by our standards.