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CapitalismSocialismCalculation and Knowledge
Whether political elites promote outright socialism or interventionism, thanks to the reality of economic calculation, they are advocating a failed economy.
StrategyTaxes and SpendingEntrepreneurship
The recent case of retired megastar Usain Bolt losing millions of dollars to bad investments highlights the importance of sound money management.
Cronyism and CorporatismEducation
Contrary to the claim that taxpayer subsidies for higher education provide great social benefits, these subsidies actually are a wealth transfer from the less-well-off to wealthy people.
Booms and BustsThe FedBusiness Cycles
Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but.
Monetary PolicyInterventionismMonetary Theory
The proposed central bank digital currencies are not a new and convenient high-tech form of money. Instead, they are yet another power grab by government authorities, continuing the shameful history of government corruption of money.
Having given a harsh review to Leonard Peikoff’s Ominous Parallels four decades ago, David Gordon revisits the book.
The fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality.
Cronyism and CorporatismMonetary PolicyProtectionism and Free Trade
Two nations famous for hyperinflation now look to create a common currency. Unless that currency is gold, this is a bad idea.