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Central BanksThe FedInflationMonetary TheoryPraxeology
Popular economic wisdom says central banks can counter harmful effects of inflation by raising interest rates. Unfortunately, such moves carry their own forms of misallocation of resources and capital.
War and Foreign Policy
Sanctions are promoted as a response to international aggression. Yet, sanctions themselves are a form of aggression that, like war, usually have unhappy endings.
War and Foreign PolicyWorld History
By what yardstick would we threaten war for the independence of Taiwan but continue to tolerate 60 years of totalitarian repression in Cuba, 90 miles away?
Decentralization and SecessionMedia and CulturePolitical Theory
Social issues, from abortion to critical race theory to teaching gender identity in elementary schools, dominate our politics and media.
Central BanksMoney and BanksCapital and Interest TheoryPraxeology
The typical mainstream economic view of interest rates ignores an important factor: individual time preferences.
Will Japan ever change course on its negative interest rates? Only if voters begin to realize that the lack of inflation to date in Japan is simply good luck.
Big GovernmentWar and Foreign Policy
With members of Congress claiming that the Russian invasion of Ukraine somehow threatens the US homeland, it is time to tell the truth about the military threats to this nation.
Is it too much to hope that the current inflation will "burn out" via similar mechanisms that have reined in inflation in the past?