Why Governments Waste Resources: The Case of Newfoundland’s Joseph R. Smallwood
Politicians promise economic miracles, but in the end they waste resources and engage in economic destruction. Newfoundland is a case study.
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Was That the Dip?
A few days from now marks the one-year anniversary of the article: Will You Buy the D
It Turns Out That Hundreds of Banks Are at Risk
Federal authorities want us to believe that by bailing out Silicon Valley Bank, they have prevented a financial crisis. Instead, we will have a crisis with bailouts.
Government Is as Government Does
If we have learned anything from hundreds of years of government oppression and atrocities, one thing is certain: government isn't our friend.
The Phillips Curve Is an Economic Fable
Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory.
Donald Trump Is Wrong about Tariffs and Mercantilism
When he was president, Donald Trump raised tariff rates, promising it would revitalize American production. It was a costly boondoggle.
Socialism Isn’t about Creating Economies. It Is about Amassing Political Power
Most socialists are not misguided about how to have a prosperous economy, for that is not their goal.
Why the Worst Get on Top
The unscrupulous are likely to be more successful in a society tending toward totalitarianism.
How Easy Money Killed Silicon Valley Bank
The incredible growth and success of SVB could not have happened without negative rates, ultra-loose monetary policy, and the tech bubble that burst in 2022.
Central Bank Digital Currencies Would Bring Hyperinflation
The only thing that saves citizens from much higher prices is the fact that the transmission mechanism of monetary policy is independent and diversified. Imagine if that transmission was direct and had only one channel, the central bank itself.
