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CapitalismCentral BanksEconomic PolicyMoney and Banks
For nearly three decades, the Japanese economy has slowly imploded under low interest rates and heavy government debt. It may soon be time to pay the piper.
Bureaucracy and RegulationCapitalismProgressivismU.S. Economy
One of the modern progressive buzzwords is "stakeholder capitalism," in which people with no direct connection to a firm somehow have a "stake" in what the firm does. It is an incoherent term.
The government can't return the SS money it stole in the past. It's impossible. That money's gone. Taxing today's workers to "pay back" pensioners is just creating a new group of tax victims.
Money and BanksU.S. EconomyWar and Foreign Policy
By itself, the end of the petrodollar won't destroy the dollar. But it will continue a trend that weakens both the dollar and the US regime's power.
The FedU.S. Economy
What happens to a society when spending is encouraged and saving is for chumps?
Booms and BustsCorporate WelfareCronyism and CorporatismInterventionism
The empty shopping mall: a story of how government actions created a huge malinvestment in western Pennsylvania.
These days, the Fed and Chairman Jerome Powell are claiming the title of "inflation fighters." The more appropriate moniker should be "inflationists."
InflationMonetary PolicyMonetary Theory
As Murray Rothbard wrote, inflation is not an increase in prices. It is, instead, an increase in the supply of money in circulation. The distinction is important.