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Central BanksThe FedInflationPrices
While economists and journalists are fond of saying inflation is "X" percent, in reality, the price indexes don't measure inflation accurately. Instead, they are statistical constructs created to benefit the government.
The FedInflationPrice Controls
Last year, Joe Biden and his administration claimed that inflation was "transitory." This year, Vladimir Putin gets the blame. Next year, Biden will blame American businesses. And the beat goes on.
One will occasionally hear from a libertarian activist that Disney World is some sort of model for totally private governance. This is a huge exaggeration of the reality.
Central BanksThe FedInflationBusiness CyclesMoney and BankingMoney Supply
It is the fiat monetary system itself, not deflation, that helps create the unstable conditions that lead to financial crises.
While the Fed governors claim "all is well" and that inflation is "transitory," the bad news continues to pile up. Inflation will be with us for a long time.
The passing of Professor George Ayittey stills a powerful voice for free markets in Africa.
Corporate WelfareCronyism and CorporatismLegal SystemMonopoly and Competition
Much of what we might call monopoly capitalism (or crony capitalism) can be tied to intellectual property laws.
Central BanksMoney and BanksCapital and Interest TheoryPraxeology
The typical mainstream economic view of interest rates ignores an important factor: individual time preferences.