Global Economy

"Just as serious as the economic disruption are the social consequences of inflation."

In the real world, erecting higher trade barriers will reduce economic output in both countries, whereas reducing trade barriers will lead to greater output.

A money-substitute can be embodied either in a banknote or in a demand deposit with a bank subject to check (”checkbook money” or depos

"Only savings can allow for sustainable economic growth."

The human desire for freedom has always run up against those who believe "too much" freedom is a bad thing and that the "common good" — as defined by some elite — outweighs the rights of the individual.

These increases may not show up in the price of US financial assets, but they will rear their ugly heads at the gas pump and grocery checkout.

Let us send a delegation to Hades to resurrect Ludwig von Mises, Thomas Jefferson, John Locke, and Aristotle to replace the corrupt, debased politicians we now have.

Although Menger is acclaimed primarily for his role in developing what is now known as marginal-utility theory, his writings on methodological individualism, subjective value, and the economic character of goods ("Menger's Law") deserve more attention.

We need to convey the truth that the market for education works and would deliver far better results at less cost if it were allowed to function.

The more entrepreneurs can engage in peaceful and coordinating actions that try to satisfy demands of consumers, the less likely war is made.