Economic Policy
Contrived Scarcity and Antitrust Lawsuits—“It’s Not a Bag, It’s a Birkin”
Birkin bags are pricey and the producer restricts its potential buyers. Unfortunately, disgruntled customers who don’t want to follow the company’s rules are now appealing to US antitrust law.
Sound Money Movement Chalks Up Seven State Legislative Victories in 2024
Not all news from the gold and monetary fronts is bad. In fact, gold made a number of advancements in seven states, including exemptions from taxes and attempts by states to restrict Federal Reserve behavior. Gold is alive and well.
The Private-Sector Job Market Is Shrinking
Job growth was only positive in October because of government jobs, funded by huge federal deficits.
Unjust Reparations Will Not Empower Justice
With Kamala Harris announcing she is open to imposing “reparations for slavery” if elected president, it is time to take a hard look at the injustice that would be part of this scheme. There is no way to fashion a just outcome out of it.
Exchange is Not a Zero-Sum Game
One of the oldest and most harmful economic fallacies is the belief that, at best, economic exchange is a zero-sum activity. However, free exchange in an unhampered market is always positive.
What Does ChatGPT Know about Money?
What does ChatGPT know about money? More than one might think. George Ford Smith asks the AI program some questions about money and gets some surprising answers.
Understanding the Basics of Modern Banking
Banking systems around the world have huge effects on our lives, yet few people understand how banks work. Worse yet, even fewer understand the malign powers of central banks and how this system undermines economies. Thus, it is important to demystify these systems.
The Fed Hits the Panic Button and Slashes the Fed Funds Rate
The Fed is desperate for you to think that “this time is different.” Unfortunately, Powell can’t seem to come up with explanation of why that is the case.