It’s Not a Recession, It’s a “Global Economic Slowdown”
Pundits are hoping that instead of a crisis, we just get a "global economic slowdown." Given the damage done by central banks, a sustained slowdown would be a best-case scenario.
Podcast
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How Countries Fall into the Welfare Trap
Before wealth can be redistributed by the state, it must first be produced. But welfare-state policies end up destroying the very wealth which is necessary for redistribution.
The Apocalypse Has Been Postponed
The radical nature of anti-climate-change measures require promises of a near-total apocalypse in the near future. But the date for the promised disaster keeps getting pushed back.
Taking the USMLE to Task
Bryan Carmody, MD, discusses the machinations that constitute licensing examination in the United States.
Study Estimates the Green New Deal to Cost $93 Trillion — That’s a Conservative Estimate
The Green New Deal contains a wish list of progressive social and economic goals that come with a staggering price tag.
Murphy Dissects His Discussion of MMT With Warren Mosler
Bob and Warren Mosler discuss the assumptions behind Modern Monetary Theory and its implications for economic policy.
The Theory of Interest Rates
What are interest rates, where do they come from, and what purpose do they serve? Economist Jeffrey Herbener explains why Turgot, Böhm-Bawerk, and Mises got it right.
Central Banks Shouldn’t Fight Deflation
The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.
The Battle of Shiloh, Part 2: The Furies of Hell
At the onset of the Battle of Shiloh, the Confederacy caught the Union by surprise. But what should have been a quick victory turned into a bloody battle of attrition.
Psychiatry: Past, Present, and Future
Is there a way forward? Accad and Koka interview Paul McHugh, MD, one of the most important figures in academic psychiatry of the last thirty years.
