Protectionism and Free Trade
The effects of inflationary currency are not limited by government borders.
Perhaps the best proof of the current divorce between theory and reality in international economics is the economists who declare themselves in favor of free trade while also opposing the removal of all tariffs and customs.
Free MarketsMedia and CultureHistory of the Austrian School of EconomicsOther Schools of Thought
Jay Powell "sees no reason" the economy can't keep chugging along. And of course that's true until it isn't.
Business CyclesMoney and Banking
So how about it, Mr. Powell? A real economy operates without ultra-low interest rates and activist central bank stimulus.
Austrian Economics OverviewMoney and BankingValue and Exchange
Conservatives seem to want a "robust" state to replace the cultural, religious, and economic institutions that states destroyed in the first place.
Austrian Economics OverviewPhilosophy and Methodology