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Central BanksGlobal EconomyMonetary Theory
Popular commentators and politicians often express loud opinions about exchange rates and balance of payments. As Dr. Frank Shostak writes, the facts differ widely from popular perception.
Anti-PoliticsDecentralization and Secession
The covid-19 lockdowns not only destroyed businesses, but also destroyed the sense of community in small towns and rural areas.
War and Foreign Policy
The Ukrainian regime thinks it knows better than husbands and fathers when it comes to caring for their families. But no bureaucrat ought to be allowed to make such a decision.
The United States is not now—and has never been—in any position to lecture other countries about the moral evils of aggressive foreign policy.
Money and Banks
Does free banking encourage fraud by tolerating fractional reserves? Here's a summary of the debate.
Big GovernmentHealthPolitical Theory
It is time to get back to normal life, and that starts with visible human faces.
Gary Galles has in this outstanding book shown how to apply basic economic principles: he can convey free market principles in a simple and memorable way; and he also has a detailed knowledge of the policies he analyzes.
The velocity of money does not have a life of its own. It is not an independent variable and it cannot cause anything, let alone offset the effect of increases in money supply on the prices of goods.