Do Price Increases or Money Supply Increases Misallocate Resources?
As prices rise, many people—including economists, who should know better—claim that price increases are inflation. They are not.
As prices rise, many people—including economists, who should know better—claim that price increases are inflation. They are not.
Rather than contributing to a "soft landing," raising interest rates will continue to destroy wealth.
Forget the talk from Biden and economists like Paul Krugman. Double-digit inflation is here, and it will be with us for a while.
As the US political landscape shifts rapidly and college economics departments become increasingly hostile, the way we teach free-market economics will change.
Most people think the Industrial Revolution catapulted humanity into modern comfort, but this narrative leaves out the agricultural revolution that had to come first.
Mortgage companies and realtors are today's canaries. They're in deep trouble, and so are the rest of us.
The great credit expansion Alan Greenspan began thirty years ago has finally run its course. The Fed no longer can expand credit to fight the oncoming recession.
Language is an institution in society. We need to protect it from vandals in the state-linguistic complex.
Critics claim the market economy engages in "planned obsolescence" that encourages throwing good products into landfills. In fact, activities that might seem wasteful are the best use of resources.
Most economists see GDP as a snapshot of the performance of the economy. However, it is better understood as a misleading statistic which fails to accurately describe what really is happening economically.