The war on free speech has been given a boost by a new legal theory called "reckless associations," the "leaders" of an association that allegedly harms someone else are declared liable for that harm.
Thanks to the Fed's monetary gyrations, we are seeing the yield curve acting abnormally. However, one cannot get something from nothing and market forces ultimately will frustrate the Fed's designs.
While Hilary Putnam was not a friend of free-market economics and remained a socialist throughout his life, he made important contributions to the subject of ethics.
While the usual characters praise central banks for supposedly bringing economic stability, Dr. Shostak explains that their presence makes things unstable because they break the relationship between saving and lending.
Today, progressives govern by the law of good intentions, and when government has good intentions, the results, no matter how disastrous, don't matter.
No matter the historical era, governments have excelled at one thing: debasing their own currency. Rome was no exception, as Roman government excesses required inflation—lots of inflation.
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Popular commentators and politicians often express loud opinions about exchange rates and balance of payments. As Dr. Frank Shostak writes, the facts differ widely from popular perception.
A socialist management would be like a man forced to spend his life blindfolded.
Modern portfolio theory, while popular with many economists, runs into serious problems when examined through the lens of Austrian economics
