Jamaica Still Struggles Economically, But There Is Hope for the Future
The island nation of Jamaica has beautiful beaches but a problem with poverty. Jamaica needs capital and free markets, not more state control of the economy.
The island nation of Jamaica has beautiful beaches but a problem with poverty. Jamaica needs capital and free markets, not more state control of the economy.
When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That's not how an economy works.
American political and economic elites insist that they should have authority over everyone else. As people rebel, the elites are only doubling down on their original demands.
While Western attention is on the Israel-Hamas conflict, war quietly rages in Yemen with predictable destruction. Not surprisingly, US interventionism is fueling this fight.
Mark Thornton compares two definitions of inflation and what this means for policy-makers and the productive population in 2024.
Bob goes solo to discuss a recent Twitter controversy, in which opponents of a proposed tax argued that unrealized capital gains couldn't possibly be a form of income.
While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling.
For most of the past century, Argentina has seen the destruction wrought by collectivism. To reverse the damage, the nation must allow decentralization, beginning with free cities.
When it comes to housing, the solution to the problem of affordability is rather straightforward: build more. Slapping price controls on housing in the form of “rent control” only makes things worse.
The recent campus protests following the Hamas-Israel conflict have been framed as either antiapartheid or anti-Semitic. The conflict is much deeper, being rooted in toxic identity politics.