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Booms and BustsMoney and Banks
As money loses its purchasing power, income and wealth are stealthily redistributed. Some individuals and groups of people are enriched at the expense of others.
Labor and WagesSocialismOther Schools of Thought
As dismissive as many of us would like to be toward Marx’s thoroughly debunked labor theory of value, it still holds currency among today’s budding socialists.
Legal SystemPhilosophy and MethodologyPolitical Theory
Global EconomyWorld History
Zimbabwe's government has embraced a potent mixture of monetary inflation and price controls. The result has been economic disaster.
War and Foreign PolicyWorld HistoryOther Schools of Thought
John Maynard Keynes's stance on German reparations in the wake of the First World War may have precipitated the rise of Hitler.
The FedGlobal Economy
Central bankers are increasingly talking about raising the inflation target above 2 percent. Are negative interest rates next?
If Scots choose Holyrood over Westminster, or even Brussels over Holyrood, who are we to object?