Colleges already are too dis-connected from market-based rewards for education that teaches real marketable skills. The plans for "free" college would make this even worse.
A comparison between the two theories of entrepreneurial action suggest that it may be time to drop the use of the words “equilibrium” and “disequilibrium” from economics.
Money and BanksMoney and Banking
Jerome Powell has lost his faith in a new surge in economic growth. So, it's back to endless stimulus to keep the current cycle going.
Book ReviewsTaxes and SpendingOther Schools of Thought
In the words of Henry Hazlitt, "ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors."
Just as unilateral free trade results in a more solid economy for the countries that adopt it — even within an international economy of protectionism in other countries — so would a commodity-money based economy surrounded by fiat-money economies.
Financial markets are neither perfectly efficient, nor animally spirited, but eventually adjusting.
The number of jobs that require an occupational license now covers 30% of the US workforce, up from 5% in 1950.