How a CBDC Created Chaos and Poverty in Nigeria
The Nigerian government should have seen the economic disaster the eNaira would cause. They didn’t, and chaos and rioting followed.
The Nigerian government should have seen the economic disaster the eNaira would cause. They didn’t, and chaos and rioting followed.
Recorded in Nashville, Tennessee, on September 23, 2023. Includes audience Q&A period.
While Leo Strauss did not share G.W.F. Hegel's acceptance of historicism, nonetheless he gives Hegel a sympathetic review. David Gordon takes a closer look at both men.
Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true.
Fed policymaking is all about political expedience. When we see Fed policy, we must keep in mind that "managing the economy" is secondary to managing public debt service and public expectations.
The UAW's strike against US automakers will do long-term damage to the domestic auto industry. Unfortunately, unions and their advocates will learn nothing from this debacle.
There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn.
China rose from poverty after the Mao years only because its political leadership embraced private property and a market economy. Unfortunately, today the Communist leadership is moving back to socialism.
Will the economy take off and perform much better than anyone anticipates? Don't bet on it.
To progressive elites, the state (at least one run by progressives) is omniscient and all-powerful. To anyone with understanding, the state is an entity usually run by gangsters.
Dr. Jonathan Newman joins Bob to show why you should be wary of charts coming from agenda-driven institutions,
Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected.
Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.
The vast American welfare system is imploding. Future tax revenues will not come close to meeting future obligations. Something must give.
Ryan and Tho are joined by economist Mark Thornton to take a look at why so many economists keep telling us the economy is in great shape.
In their war against free speech, progressive governments are now denying dissidents use of the banking system.
Some Jamaicans complain that the Chinese are "colonizing" the country because of their economic success there. Actually, their success is due to entrepreneurship and plain hard work.
A number of Christian conservatives are claiming that markets are as coercive as government. Try boycotting the FBI or your local police the next time they do something outrageous.
Keynes denounced monetary gold as "a barbarous relic." In the end, it will be that "barbarous relic" that overthrows the regime of paper currency.
President Biden says he is going to unleash regulators to bring more "competition" to the economy. This is an oxymoron.