MMT and US History: Redefining Chartalism
MMT uses chartalism and a few dubious examples to appeal to history to establish the theory‘s authority and validity, only to discard this element as irrelevant and unnecessary.
Mises Wire
Interest Rates Rise Again as Treasury Auction Comes Up Short
On Wednesday, the Treasury bonds auction was so weak that 20-year and 30-year yields continued to rise as investors expect a rising wave of mounting federal deficits and debt.
Thomas Malthus’s Disciples: The Pro-Natalists
Progressives have repeated the Malthus theme of overpopulation for six decades. However, the real demographic problem facing modern industrial nations has been the dearth of population growth fueled by an inflation culture.
Regime Uncertainty and the Trump New Deal
President Trump has made a lot of noise in the business community in the first few months of his administration. Unfortunately, his actions and rhetoric have created a lot of uncertainty in the economy, threatening capital development.
What the Biden Health Coverup Reveals About the Political Class
The reaction to Biden’s cancer announcement reveals how little trust the public has in the people who spent years claiming that Biden’s mental decline was fabricated by right-wing propagandists. That lack of trust is well deserved.
The Spanish Blackout and the Costs of Renewable Energy
The usual suspects from the American and European elites are claiming that Spain‘s recent blackout was the result of unusual weather conditions. In truth, Spain‘s dependence upon renewable energy was to blame.
Diploma Inflation and the Erosion of Academic Signaling
Economists have said that a higher education degree is a form of “signaling” by the person holding the diploma. Thanks to government attempts to make higher education readily available, the value of a college degree has been severely degraded.
What the Biden Health Coverup Reveals About the Political Class
The reaction to Biden’s cancer announcement reveals how little trust the public has in the people who spent years claiming that Biden’s mental decline was fabricated by right-wing propagandists. That lack of trust is well deserved.
Mercantilism in America: The Trouble with Self-Sufficiency
President Trump has invoked the ancient fallacies of mercantilism in fashioning his protectionist trade policies. We will find that mercantilism is just as harmful today than it was hundreds of years ago when it first became Britain‘s national policy.
MAHA is a Movement of Government Overreach
Robert Kennedy‘s Make America Healthy Again (MAHA) crusade is being promoted as a government-led effort to eliminate health hazards in food and medicine. However, MAHA depends upon government overreach, which ultimately will undermine any good MAHA does.
