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Money and Banks
Years of bubbles and malinvestment have a downside: the destruction of the productive, wealth-building parts of the economy. And that could mean higher interest rates.
Philosophy and MethodologyPraxeology
The new Nobel winners apparently think we can discover economic laws by crunching numbers. That's not how it works.
The chaos economy we're witnessing is not the fault of the market economy. Rather prices in some areas of the economy need to rise so high and so fast to harmonize supply and demand that entrepreneurs can hardly keep pace.
It is, ironically, antiscience to ever declare that science is settled. Since man is not omniscient, the future will forever remain unknown, and more data can always falsify current scientific laws.
Overestimating foreign "threats" is a threat in itself. It invites wasteful spending while provoking "enemies" who would not have been rivals otherwise. John Mueller explains in his new book.
Why do individuals desire to have money, which cannot be consumed and produces nothing? To provide an answer to this one must go back in time to establish how money emerged.
Big GovernmentTaxes and Spending
With default we restore trillions to the private sector and permanently reduce government’s ability to hog the resources we need to maintain prosperity.
The fact a politician may have prior experience as a "savvy businessman" is irrelevant to the business of the state. States are nothing like private sector businesses, and business skills mean little.