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One place a price system manifests itself is the sports betting markets. The results are surprisingly accurate.
Historian Jon Meacham urges Joe Biden to be a "transformational" president in the way of FDR, but he forgets that Roosevelt put the "Great" in "Great Depression."
Booms and BustsInflationBusiness CyclesGold Standard
While an increase in the supply of gold money would lead to higher consumer prices, such increases in the gold supply do not lead to boom-bust cycles.
Big GovernmentEuropeFree MarketsStrategy
In presenting her economic plan, Liz Truss failed spectacularly on one thing: cutting spending. Otherwise, a "tax cut" is not a tax cut at all.
AntipoliticsDecentralization and Secession
All too often, people equate their nationality with a particular state. Yet, as Mises noted, nationality does not depend at all upon a formal entity tied to a government.
Free MarketsSocialismWar and Foreign Policy
Lutheran theologian Reinhold Niebuhr attracted numerous followers in postwar America in part because of his attacks on the free market. Perhaps he should have read Mises.
As the British economy falters, the government returns to its Keynesian roots. They will find once again that the legacy of J.M. Keynes is inflation and economic ruin.
Price inflation is slightly slowing, but it is slowing as a result of a struggling economy. The White House may soon find it is celebrating much too soon.