Tariff supporters claim that implementing tariffs will result in new jobs at home. What they fail to point out is that many people depend upon imports for work. The tariffs on Canadian aluminum imports are a case in point.
While President Trump‘s tariffs certainly are causing economic harm, they alone could not cause a recession had there not already been years of artificial credit expansion.
The presidency—by which I mean the executive State—is the sum total of American tyranny. The other branches of government, including the presidentially appointed Supreme Court, are mere adjuncts.
If devaluing the currency was a real measure of competitiveness, Argentina and Venezuela would be the most competitive nations on the planet.
Frederic Bastiat is an often unsung hero of 19th-century economic thought. His lessons on freedom and trade are timeless and what he wrote nearly two centuries ago is still relevant today.
Calhoun emphasized the principle that the states were sovereign and independent and not merely the creation of the federal government.
President Trump‘s recent assertions that the Fed should lower the discount rate puts him squarely in the middle of Fed politics and exposes the messy truth that the Fed is not an independent group of experts but rather a tool of the political system.
In The General Theory, J.M. Keynes allegedly “discredited” Say‘s Law. Of course, Keynes actually debunked a straw man that was a caricature of what Say actually wrote. It‘s time to set the record straight.
Jonathan Newman joins Bob to explore the archaeological evidence for silver as money in ancient Mesopotamia, challenging Modern Monetary Theory and affirming Menger’s classic account of money’s market origins.
Central bank digital currencies are surveillance disguised as money.
