JOIN OR RENEW TODAY
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.
Money and BanksMoney and Banking
Expansionary monetary policy causes economic recessions. It doesn't cure them.
Decentralization and Secession
"Free private cities" are similar to microstates but are based on the idea of explicit contractual agreements between residents and the city government. How would these entities function?
Cronyism and CorporatismGlobal EconomyMoney and Banking
Existing political tensions within the EU are certain to escalate as the EU falls behind in global economic power, and Brussels, hooked on profligacy, for the first time faces budget cuts.
Political TheoryValue and Exchange
Being resentful about a business transaction after the fact isn't the same thing as being exploited or abused.
The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.
Anti-climate-change schemes will hit people in the developing world hardest. And when it comes to dealing with an uncertain future, poorer parts of the world are the places that will need fossil-fuel-powered technologies and capital most.
Things like forks and washing machines start out as "luxury" items for the rich. But thanks to markets, these goods, over time, become more and more accessible to everyone.