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?
The recent political firefight over Trumps firing of BLS Commissioner Erika McEntarfer overshadows the underlying question of why we need the BLS at all. Murray Rothbard noted that government statistics provide the main tools for government economic intervention.
The US and its Western allies may scoff at this challenge, but it only became possible due to high-handedness (to use the kindest word imaginable) and outright illegality of US actions.
The US and its Western allies may scoff at this challenge, but it only became possible due to high-handedness (to use the kindest word imaginable) and outright illegality of US actions.
Not only are modern monetary theory (MMT) cultists dishonest about the role of money, they also are dishonest about money‘s history. By taking issue with Carl Menger‘s historical version, they expose their own ignorance of how money came about.
