Despite Their Hubris, Monetary Authorities Do Not Have Total Control
While officials in the White House, Treasury, and the Fed give the appearance of being in control, but in truth, they cannot undo the damage they have done.
While officials in the White House, Treasury, and the Fed give the appearance of being in control, but in truth, they cannot undo the damage they have done.
Why does money have value? Typical economists claim that money is valuable because the government declares it so. But that is impossible, given the true origins of money, which are best explained by Austrian economists.
Winter is approaching and Europeans are facing homes without heat, thanks to the US-led sanctions against Russia. Who will carry the blame when people freeze to death?
One doubts that the so-called Inflation Reduction Act will reduce inflation. However, it will wreak havoc on the US economy with its lethal mix of taxes, regulations, subsidies, and outright crony capitalism.
Post-Keynesians believe that capitalism is internally unstable, leading to necessary intervention by the central bank. Austrians see that as backward reasoning, as policies by the central bank to create credit from nothing is the problem
Because government is predatory, it may seem ironic then to use the political system as a means of protecting one's own property, family, and loved ones. But there are times when such a strategy makes sense.
The long knives are out for Hans Hoppe again, but the accusations, this time in Mother Jones, miss the mark badly.
Do these things to stand apart from your peers.
Instead of worrying about which documents Donald Trump may or may not have had in his Florida home, the real issue is the proliferation of state secrets that should not be secrets at all.
At the urging of the United States, Germany and other European governments have levied sanctions against Russia. In reality, these governments have levied sanctions against themselves and their citizens.