Why Did Trussonomics Fail So Quickly?
Liz Truss sought to be another Margaret Thatcher, but her ballyhooed budget numbers did not add up.
Intermediate
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Relying on Experts: A Proven Path to Failure
American political, educational, and economic life is increasingly dominated by "experts." We should not be surprised that they fail most of the time.
The REAL Solution to the Coming Economic Crisis
As the economy moves into recession, we should understand how we got there and what is needed to bring about a quick and lasting recovery.
Why Cambridge Philosopher Raymond Geuss Hates Free Markets and Individualism
Geuss claims to be a liberal against liberalism. Given that he has praised Lenin and Mao, that part about being against liberalism is certainly true.
Free Markets DO Work in Developing Countries
The standard line from progressives is that free markets usually fail in developing countries. The economic numbers tell a much different story.
Are Progressive “Experts” Fallible? Yes, But Don’t Tell Them That
Ours is an age of the progressive expert who nearly always is wrong but still is embraced by progressive politicians, the media, and academe.
In the Red: The Federal Reserve’s Portfolio Joins the Rest of the Market
The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.
Individual Time Preferences, Not the Central Bank, Determine Real Interest Rates
The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates.
World War I: The Great War Was also the Great Enabler of Progressive Governance
Historians praise the US entry into World War I because it enabled an Allied victory. But it also led to the economic disasters of the 1920s and ’30s.
What I Learned from my Grandfather about Money
The author recalls the 1922 peace dollar his grandfather gave him sixty years ago. Real money.
