Progressives claim that while they might acknowledge the presence of scarcity, nonetheless, we can reject a "scarcity mindset" because governments can order an end to scarcity through fiat.
For the past three decades, the result has been the same: the US economy exits a crisis with significantly more debt, lower employment growth, and slower GDP recovery.
Even with near-record inflation, the US dollar still has gained strength relative to other currencies. This does not mean that the Fed has been acting responsibly.
Austrian economists often are labeled ideologues for advocating for free markets, yet socialism requires the ideological blinders.
Ryan McMaken has made a serious case for secession as a means to counter totalitarianism. David Gordon explains why this is the case.
Responding to an attack on Ludwig von Mises in the socialist publication Jacobin, Professor Wiśniewski corrects the errors and sets the record straight.
We can't count on the Fed regulating itself or that some especially hawkish chairman will appear to save us from the worst excesses of fiat money.
President Biden's nonsolution of partial "debt forgiveness" is in limbo, but the slow financial destruction that massive student loan debt is unleashing continues.
In a free market, short-term and long-term rates would move toward convergence. Fed interference with interest rates ensures that won't happen.
The average new home in America was still well over 50 percent larger in 2021 than in the 1960s. Yet in an age of declining affordability, governments won't let homes get smaller.
