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Bureaucracy and RegulationEconomic PolicyU.S. Economy
Economists like Paul Krugman have claimed that practice of austerity in government would damage the US economy. As Mark Thornton points out, the opposite is true: austerity works.
Central BanksThe FedMonetary PolicyU.S. EconomyMonetary TheoryMoney and Banking
Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.
U.S. EconomyU.S. History
It's odd for Joe Biden to celebrate an inflation report that still has price inflation growth over 7 percent, especially when real wages are falling and a recession looks more likely every hour.
Monetary PolicyU.S. EconomyMoney and Banking
While monetary authorities and progressives would like to have a digital currency implemented, it is a backward step for monetary freedom.
Money and BanksU.S. Economy
Twenty-six years ago, the debate was over whether or not the target inflation rate should be raised from zero to 2 percent. Now we're being told it should be 4 or 6 percent.
There appears to be a six-million-man gap between the number of men in the prime age group—age 25–54—and the number of those men actually in the workforce.
Taxes and SpendingU.S. EconomyU.S. History
America's military technocrats (a.k.a. "generals") specialize in losing wars and also losing your money. Naturally, Congress wants to give them even more taxpayer cash.
StrategyU.S. EconomyU.S. HistoryPolitical Theory
Mises and Hayek used "classical liberal” to distinguish themselves from the Left. Today the term is used primarily to appease the Left.
From March 2022 to November, the number of total employed persons has only increased by 12,000 people meaning there are fewer employed people now than before the covid panic.
Bureaucracy and RegulationCronyism and CorporatismLawU.S. Economy
While high-quality automobiles and other manufactured goods are being produced in the Southeast, northeastern states like New York are falling behind, thanks to progressive governance.