The pressure to politicize every aspect of academia will not spare economics, and why would it? A society willing to topple statues won't worry about pulling down a body of knowledge, especially one characterized by the Left as a political program rather than an actual social science.
The Austrians bring a lot more to the table in terms of intellectual honesty and curiosity, real-world relevance, depth of understanding, and solid first principles.
Somewhere there exists a list of ostentatious, unapologetic behavior exhibited by the Federal Reserve.
Monthly data continues to look good for a fast jobs recovery. But weekly unemployment claims began to move sideways in late June, and total continuing unemployment still numbers more than 17 million.
It has long been said that the financial and economic education in the public school system is far from perfect.
Fed will now create money and lend it directly to “large employers” in America.
With the venerable Dr. Thomas Sowell turning ninety this week, a question arises in the fintwit (financial Twitter) world: Who is the greatest living economist?
Some state governors are already reversing themselves on "reopening" their economies and issuing new edicts on which businesses will be forced to close. Don't expect a "V-shaped recovery" if this keeps up.
June 30 is Frederic Bastiat’s birthday.
It will be very interesting if the police—who did nothing to disperse protests that were obviously in violation of bans on mass gatherings—turn around and arrest business owners and other "violators" of a second round of stay-at-home orders.
