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Economics is based on human action as purposeful behavior. This means when people act, they try to achieve something. It does not mean that they are always accurate or do the “right thing."
The reality of socialism is that it politicizes life entirely. How that is supposed to improve quality of life remains a mystery.
Economic PolicyThe FedInflationStrategy
The Fed's suppression of interest rates in the USA didn't just affect this nation's economy. It also drove investors to seek higher interest rates in questionable investments.
Monarchs created Europe's modern states but lost the ability to control them. Then, having grown beyond the tools that helped monarchs turn themselves into absolute rulers, "the state acquired a life of its own."
Between its political happy talk in the contrast to reality and its broken promises, whatever credibility the Fed had in the past is long gone
Economic PolicyU.S. Economy
Bottom line, it’s a recession at the moment; whether it gets worse depends on inflation, and policymakers goofing around whistling past graveyards should give anyone pause.
Legal SystemProperty RightsThe Police State
The government of the United Kingdom is using coercive means to promote its dubious goals of "diversity and inclusion." In the end, freedom recedes while state power increases.
Economic PolicyEducationAustrian Economics Overview
As the US political landscape shifts rapidly and college economics departments become increasingly hostile, the way we teach free-market economics will change.