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BitcoinCentral BanksInflationBusiness CyclesMonetary TheoryMoney and Banking
Digitization will undoubtedly bring great improvements and new opportunities for peoples’ lives. But digitization also has a downside.
Economic PolicySocialismTaxes and Spending
California's progressive political classes now have a scheme to impose a single-payer system for medical care. If imposed, it will be costly but also ineffective.
During April 2022, year-over-year money supply growth was at 7.23 percent. That's down from March's rate of 7.41 percent and April 2021's rate of 36.8 percent.
Booms and BustsCapital and Interest Theory
Economists have failed to explain the mechanism by which an inverted yield curve signals an impending recession. But the Misesian explanation of the business cycle quite easily explains the pattern we observe in interest rates.
Forget the notion that the Fed "fights inflation." In fact, the Fed exists to promote inflation.
Anti-PoliticsDemocracyLibertarianismThe Police State
Economic libertarianism, with its sole focus on government budgets and taxation, is a highly limiting political strategy. Libertarians should proceed as enemies of the state.
LiberalismSocialismThe Police State
Totalitarian societies do not become that way overnight. There are recognizable signs and stages which show how a society slides into that abyss.
Progressives believe that economies should be run by high-IQ "experts." But successful market economies require entrepreneurs with an idea and the willingness to face uncertain economic conditions.