In Keynes's day, wages were being artificially inflated by labor union contracts. Unemployment rose. But then Keynes decided inflation would solve the problem by lowering real wages. Here's why that's a bad idea.
During May 2021, year-over-year (YOY) growth in the money supply was at 15.3 percent. That's down from April's rate of 23.1 percent, and down from the May 2020 rate of 29.5 percent.
In the fall of 2016, I was a left communist. As any Marxist can tell you, ideology can blind one to the insights that might disrupt one’s political adhesions. Only it was Marxist ideology itself that blinded me.
Stagnation is real, but it isn’t “secular”—that is, sluggish growth doesn’t have to happen. The coming stagnation isn’t foreordained; it is simply the inevitable outcome of a progressive agenda that disdains free enterprise.
Though the plague of an inhospitable geography is not an insurmountable obstacle to development, it remains crucial to understanding disparities in income across countries.
The emergence of global money is going to be the greatest attack on national sovereignty and political self-determination that we have ever seen.
The cognitive dissonance of American academia and journalism is on full display in this survey.
We can now see that the rapid growth of the libertarian movement in the 1970s is firmly rooted in the legacy of the American Revolution. But if this legacy is so vital to the American tradition, what went wrong?
The G7's quest for a global minimum corporate tax has highlighted just how much the global elites can't stand what they see as private "monopolies," but also want more monopoly power for themselves.
The concerns about a bubble implies those shopping for a new home are wondering if they are walking into a trap. Home prices have soared and no one wants to buy at the top.
