JOIN OR RENEW TODAY
LanguageMoney and BankingOther Schools of Thought
While supporters of fractional reserve banking claim banks inform depositors that they are really lenders (and banks are borrowers), a survey of the fine print yields says otherwise.
Big GovernmentThe EnvironmentMedia and CultureTaxes and Spending
Climate alarmism dominates the news cycle, but perhaps people be more alarmed by massive federal budget deficits and runaway entitlement spending.
Bureaucracy and RegulationCronyism and CorporatismEconomic PolicyCalculation and Knowledge
Thanks to government interventionism and regulation, the once-promising gig economy is foundering. It's time to let entrepreneurs be entrepreneurs.
The FedInflationMonetary Policy
While court economists such as Paul Krugman insist that inflation is government's way of ensuring full employment, in reality, inflation is one of the many ways governments steal from productive people.
Booms and BustsMonetary PolicyMoney and BanksU.S. EconomyMoney and Banking
Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.
Economic PolicyThe EntrepreneurLabor and WagesWorld History
Some Jamaicans complain that the Chinese are "colonizing" the country because of their economic success there. Actually, their success is due to entrepreneurship and plain hard work.
Economic FreedomFree MarketsMedia and CultureEntrepreneurship
Many people believe that the board game Monopoly, developed during the Great Depression, mimics a real-world capitalist economy. Monopoly is a game, not real life.
Corporate WelfareInflationMoney and BanksU.S. EconomyU.S. History
Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected.