JOIN OR RENEW TODAY
Steven Kates has composed a modern version of Leonard Read’s classic essay “I, Pencil.”
Money and BanksMoney and Banking
Like taxation, government spending diverts resources from real wealth-generating ventures. Borrowed funds for continued spending must also be repaid, so current spending translates to future taxation.
Social media giants enjoy a cocktail of government contracts, government favoritism, and government-granted monopoly power. As a result, it will be difficult for new startups to offer much competition.
While Elizabeth Warren may be correct that the system is broken, she is quite wrong in how and why it is broken — and how to fix it.
Regardless of expectations, tampering with the economy by means of monetary policies will always undermine the foundations of the real economy.
While many people talk about money and liquidity interchangeably, the reality is these are both very different concepts
Taxes and SpendingU.S. History
The Hamiltonians foisted a central bank on the people of the United States at the first opportunity. But Thomas Paine wasn't fooled.
Cronyism and CorporatismFinancial MarketsMoney and Banks
Not surprisingly, policies adopted by central bankers often serve the interests of the central banks themselves.