Power & Market

Expect a "wealth tax" to be a popular idea during the Democratic debates, but it's really a tax on the creation of new wealth.

Different members of the ECB state that effects of monetary policy on banks’ profitability have been “broadly neutral”.&

The state and its evils are but the shadow cast by public opinion, and this is why advocates for freedom and free markets put so much emphasis on e

In order to study how economies work — what the effects of added or removed influences will be, etc. — one must first understand the pure mechanisms of the "economic organism."

The demand for loans among consumers and business owners is rising. And that could lead to a flood of new money into the economy. But the Fed is (rightly) afraid of where this might lead.

ZeroHedge recently

Perhaps the most destructive premise of modern, mainstream economics is that a central bank-induced monetary/credit expansion can cause an economy

There is a clear correlation between expansions in international trade and reductions in poverty. The Mexican experience appears to be no different.

European central bankers hate the few rules that restrain the eurozone's profligate spenders. But those rules are what keeps a currently dangerous system from spinning totally out of control.