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Money and BanksMoney and Banking
The consequences of counterfeiting are the same regardless of who does it. The counterfeiters are exchanging nothing for something — thus stealing from those who create real value.
Capital and Interest Theory
While Ocasio-Cortez has a degree in economics, she apparently never learned the lessons stressed by Hernando de Soto in his The Mystery of Capital.
U.S. EconomyU.S. History
No economy is made better off by destroying existing resources. But that's what "cash for clunkers" tried to do, while only driving up the price of transportation for middle and lower-middle class families.
Bureaucracy and RegulationGlobal EconomyStrategy
It is encouraging to see the rise of a popular politician willing to use his platform to openly call out the dangers of Marxist ideology.
Whether dealing in coffee or loans, failed entrepreneurs can cost a lot of people a lot of money. But that's not a reason to bail out any of them.
Money and BanksWorld HistoryMoney and Banking
Today the world's oldest central bank turns 350. In a just world, this anniversary would instead be an opportunity to end this monstrous experiment.