Economic Policy

Why do independent central banks exist in the modern economy? It was originally thought independent central banks would prevent government extravagance from creating inflation.

Since becoming president, most of the actions taken by President Trump have been anti-economic growth, and the US economy now is sputtering. Unfortunately, Trump seems to believe that a combination of trade restrictions and inflation is what the economy needs.

The Trump administration’s recent moves to take equity positions in Intel and MP Materials undermines the free market system and will create economic harm. 

Who says Republicans and Democrats can’t agree on anything. They have both agreed to continue foolish and counterproductive subsidies for buses and other forms of inter-city public transportation.

The federal government taking an ownership stake in Intel is neither a promising new approach to governance nor an unprecedented leap into economic fascism. It’s simply Trump embracing the corrupt status quo he ran against with a superficial rebrand.

David Gordon reviews Shawn Ritenour's The Economics of Prosperity. The book shows how economic growth stems from entrepreneurship, the division of labor, and investments in capital and technology. These factors, Ritenour argues, are the key to prosperity in underdeveloped countries.

No country needs the approval of others to adopt free trade. No harm and much benefit can accrue to the citizens of either country.

Much of the current debate on student higher education debt centers around the students as victims of rapacious capitalism. However, the government‘s student loan program has driven up education costs, impoverished student borrowers, and financed the leftist takeover of higher education.

Economics, at its core, is the study of cause-and-effect relationships—analyzing how scarce resources, which have alternative uses, are allocated.

The Federal Reserve has what the New York Times called its “biggest shindig” of the year at Jackson Hole, Wyoming next week. What mischief are they up to?