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KeynesMonetary PolicyBusiness CyclesMonetary Theory
At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.
Money and BanksU.S. Economy
We're still living with the consequences of the massive monetary inflation by Trump and Biden. Prices are stubbornly high, and falling real wages are driving Americans to say things are getting worse.
Bureaucracy and RegulationTaxes and Spending
The latest federal spending spree cannot be sustained. Even though Maine's government is controlled by Democrats, it is finding ways to cut. Washington should take notice.
These days, the Fed and Chairman Jerome Powell are claiming the title of "inflation fighters." The more appropriate moniker should be "inflationists."
Government interference into money creation and production harms the economy in a number of ways, including skewing the organization of division of labor.
Socialists don't just want to take your property; they also are demanding control of your children and loved ones.
Economic FreedomThe EntrepreneurProtectionism and Free Trade
Despite worries that foreign "competitors" will surpass economic production in the United States, innovation and entrepreneurship are still important here. For now.
Bureaucracy and RegulationProgressivism
Not satisfied with hamstringing the oil and gas industries, environmentalists now are shutting down farms and production of livestock, all in the name of fighting climate change. But people still need to eat.