As the US political landscape shifts rapidly and college economics departments become increasingly hostile, the way we teach free-market economics will change.
The fact that the idea of national groups and nation-states seems so natural and so self-evident—in spite of being novel, recent, and modern—illustrates just how much nationalism has influenced our thinking.
After suppressing interest rates and creating asset bubbles for more than two decades, the Fed is now juicing up interest rates—and wrecking the economy.
The Federal Reserve was supposed to prevent recessions that people blamed on the lack of central banking. Not surprisingly, the post-Fed recessions have been worse.
Inflation in Argentina is far worse than neighboring countries. It has only one cause: an extractive and confiscatory monetary policy—printing pesos without control and without demand.
