U.S. Economy

"The beauty of an auction is that it's a very clear and simple example of what goes on every day in a free market — buyers and sellers meeting to negotiate a price."

Tyler Cowen has written an unusual book. From the title, one expects a book that addresses the current economic crisis and prescribes a remedy for it.

People are being told by governments, central bankers, and leading mainstream economists that money-base expansion is not inflationary — because th

"The Fed was set up to inflate, and that is what it does."

We suggest that inflation is not rises in prices as such but the debasement of money.

Sometimes I wish our overlords would get their stories straight.

A final insult is how US tax law treats its emigrants from this country. It continues to tax them as if they were lifetime slaves.

The question posed by the title to this lecture raises a number of deep problems of economic science.

A strong central bank is the creator of, not the cure for, inflation and the business cycle.

It is perhaps the finest introduction to the thought of a major thinker ever published in the discipline of economics.