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Economic PolicyInflationUnemploymentWar and Foreign Policy
Everything from huge Keynesian "stimulus" policies to the war in Ukraine is dovetailing in a bout of stagflation: the simultaneous growth of inflation and unemployment.
The presence of American companies in foreign nations was once seen as a sign of American superiority and an instrument of American cultural power. Not anymore.
Economic FreedomInflationMonetary PolicyMonetary Theory
Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.
Corporate WelfareCronyism and CorporatismLegal SystemMonopoly and Competition
Much of what we might call monopoly capitalism (or crony capitalism) can be tied to intellectual property laws.
During February 2022, year-over-year (YOY) growth in the money supply was at 7.1 percent. That's up from January's rate of 6.8 percent, and down from the February 2021 rate of 39.1 percent. Growth peaked in February 2021.
For forty years, we have not compromised with the state nor those who promote it.
Free MarketsWar and Foreign Policy
There are only two ways human cooperation occurs: through voluntary means or through coercion. The free market stands for voluntary cooperation; coercion and violence are the means of the state.
The EnvironmentProperty Rights
Standard beliefs say that government protects our natural environment while the market system destroys it. Economic analysis gives a much different perspective.