Left-leaning economists often look back with nostalgia to the 1950s. Paul Krugman and Thomas Piketty, for example, long for the 1950s, when the income and wealth gap between the rich and the poor was less than it is now. True, people were less well-off then than now, but why does this matter? It is better to be equal in misery than unequal in prosperity.
“I know it when I see it...” (Jacobellis v. Ohio, 1964, n.p.)
Health savings accounts are a little-used feature of America’s current healthcare system, which, despite their numerous advantages, have gone largely unnoticed.
A recent New Hampshire bill to secede from the united states has engendered interest in the liberty-verse about what is really happening in the “Live Free or Die” state of New Hampshire. Our answer: We’re creating the Free State you’ve always wanted. Come join us.
Robert Luddy gave a lecture in sorely missed 2019 titled “Henry Hazlitt’s Long-Term Economic Thinking: Foundation of Entrepreneurial Excellence.” Throughout his talk, it’s clear that Hazlitt has had a profound impact on Luddy—an entrepreneur who’s exhibited excellence for decades. How is it that Luddy personifies success? One possible explanation is that he ignores the temptation of short-term gains while focusing on attaining long-term goals.
Most commentators label increases in the prices of goods and services over a period of time as inflation. Ludwig von Mises however, held that the popular definition of inflation is erroneous. He wrote in Economic Freedom and Interventionism (p. 99),
The front-page headline in the Wall Street Journal on October 14 says it all, “Inflation Is Back at Highest in over a Decade.” The Labor Department reported that the Consumer Price Index (CPI) increased 5.4 percent from a year ago. This should not have been a surprise to Federal Reserve chairman Jerome Powell and his fellow board members nor to its hundreds of PhD economists who drill into the economic data to forecast the economy.
The film It’s a Wonderful Life invokes the feeling of the small local bank at the heart of a small town. Yet it seems like we’ve strayed far away from Bedford Falls and are living in something closer to Pottersville…
Federal Reserve Governor Michelle W. Bowman recently gave a speech called The Lack of New Bank Formations is a Significant Issue for the Banking Industry, where she asked the question:
