The FedMoney and Banking
A fall in prices is the manifestation of real wealth expansion. General price inflation, on the other hand, results from monetary pumping.
Philosophy and Methodology
Economics is not like the physical sciences, and reasoning and analogies based on the physical sciences are often misleading in economics.
Bureaucracy and RegulationCronyism and Corporatism
Government loves to set up "public-private partnerships" for the benefit of both government and certain favored businesses.
Austrian Economics OverviewPricesValue and Exchange
The purpose of economic science is not to resolve all social problems, nor does it have appropriate tools for this.
March Madness is over. However, the federal prohibition against gambling on the basketball games continues.
Big GovernmentGlobal EconomyInterventionism
There is a very stark contrast between market-friendly Botswana, South Africa, and the statist hellhole of Zimbabwe.
With ultra-low interest rates already in place, Europe has nowhere to go when the slowdown intensifies.