In his new book The Bitcoin Standard, Saifedean Ammous displays a fine understanding of money, and also a good grasp of how currencies like Bitcoin could revolutionize the government-dominated banking sector.
Poor incentives create poor outcomes, and government subsidies for higher education institutions have created poor incentives in spades.
The shift toward empire has brought about the destruction of American liberty and privacy here at home. That’s what the surveillance, torture, and indefinite detentions of American citizens are all about — to supposedly protect us from the dangers produced by U.S. intervention abroad.
Austrian-school economics is value-free and is not necessarily in favor of laissez-faire. But the Austrian view of markets and market power tends to push one in the laissez-faire direction.
Thanks to a loosening of rent controls in Toronto, finding a place to live will become easier for a lot of people.
Politicians, who claim that a week in politics is the long term, fail to see any problem.
Economic growth comes from the accumulation of real wealth — which is necessary to produce more goods and services.
What makes a good a good is not the physical thing itself, but the value we find in it because it is serviceable toward some valued end.
The net effects of the regime's economic planning is wealth destruction and perpetuation of chronic, widespread poverty. South Africa’s per capita GDP, at around $6,000 in 2019, has not increased in inflation-adjusted terms in a quarter-century.
A return to a system of 100% bank reserves is anything but radical. It would be quite conservative, prudent, and sensible.
