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Other Schools of Thought
There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.
Monetary PolicyU.S. History
Old coins vaccinated me against trusting politicians long before I grew my first scruffy beard. I began collecting coins when I was eight years old in 1965, the year President Lyndon Johnson began removing all the silver from American coins.
Bureaucracy and RegulationHealth
What proponents of lockdowns mean by “follow the science” is that statements made by scientists should be accepted as axioms. An obvious problem exists when scientists make conflicting statements.
HealthStrategyPhilosophy and Methodology
The possibility that someone might pose a threat to another at a future time is not sufficient reason to revoke a person's property rights.
SocialismWar and Foreign Policy
Ludwig von Mises explained how "war socialism" doesn't win wars. Similarly, "COVID-19 socialism" won't win the "war" on disease.
Corporate WelfareMoney and Banks
Central bankers are panicking, and their solutions range from "buy everything that moves" to pushing interest rates even further into negative territory. Yet this doesn't seem to be helping much.
Financial MarketsGlobal EconomyMonetary Policy
There are echoes of the 1973 oil shock in the current virus scare and resulting economic seize-up. Central banks are likely to respond similarly: with "stimulus" and inflation.
Free MarketsGlobal EconomyProtectionism and Free Trade
Like Trump, I want China to stop manipulating its economy. But not for the same reasons Trump does.