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Economic PolicyProgressivismSocialismWorld History
An enduring progressive myth is that thanks to Western technologies and compassionate NGOs, American agricultural scientists saved the developing world via the Green Revolution. Not surprisingly, the truth is found elsewhere.
Money and Banks
Congress tells the Fed to maximize employment and also have low inflation. But in reality the Fed usually chooses to ignore inflation and instead "stimulate" employment with inflation.
Adherents of the famous Phillips curve believe there is a permanent tradeoff between inflation and unemployment. This is mistaken.
Economic PolicyMoney and BanksStrategy
While African nations often are famous for corruption, poverty, and inflation, there is a way to bring dramatic changes to African economies: a gold-based currency.
The EntrepreneurFree MarketsWorld History
While historians paint the enclosure movement in negative terms, it actually played an important role in developing agricultural entrepreneurship.
Big GovernmentBureaucracy and RegulationFree Markets
Even as population has grown, increasing the intensive margin for agriculture has led to increased food production. This may not necessarily be a good thing.
Booms and BustsCentral BanksThe FedInflation
The Fed’s tampering with market signals undermines the process of wealth generation, thereby exerting an upward pressure on the time preference interest rate and the market interest rate.
AntipoliticsBureaucracy and RegulationGlobal Economy
Global elites are relentless in their desire to recreate the world in their own image. As they turn toward food production, expect their bungling to cause huge shortages of food and worse.