Just-wage theory tells us that an employer cannot reduce his workers' wages below some presumed "cost of living." Yet, that same employer can be permitted to reduce the worker's wage to zero if the worker has been replaced by a machine.
The Nigerian government should have seen the economic disaster the eNaira would cause. They didn’t, and chaos and rioting followed.
There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn.
While Leo Strauss did not share G.W.F. Hegel's acceptance of historicism, nonetheless he gives Hegel a sympathetic review. David Gordon takes a closer look at both men.
Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true.
Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.
In their war against free speech, progressive governments are now denying dissidents use of the banking system.
The covid restriction machinery is being ramped up in time for fall, despite the fact that covid poses little danger.
Something is very wrong in the developed world when some consider Milei a dangerous radical and say nothing about the radicalism implemented in the Fernandez-Kirchner years.
Some Jamaicans complain that the Chinese are "colonizing" the country because of their economic success there. Actually, their success is due to entrepreneurship and plain hard work.
