The more the government spends, the worse it is for the health of the economy and thus for economic growth. Experts who advocate for very strong government stimulus never bother to ask how those measures are going to be supported by the larger economy.
Wage hike advocates effectively seek to force entrepreneurs to raise the costs of production after many of them have barely survived what became a catastrophic 2020 due to the coronavirus pandemic.
Nuland was an advisor to ultrainterventionist Dick Cheney and would continue the costly expansionist policies of the Bush and Obama years.
In a normal world, American spending would have sharply declined during the past year. But a flood of newly printed money has juiced spending and imports.
The second edition of The Great Fiction will be welcomed by all readers interested in the theoretical foundations of a free society.
The financial press gives us the what, when we need the how and why. Economic journalism needs a reset.
China was one of the first countries to develop a metallic money that was valued and exchanged by weight. Evidence suggests that this monetary regime originated during the Shang Dynasty (1766–1122 BC).
Hegel and Marx took a philosophy from some fringe Christian groups and turned it into a global utopian movement that has been disastrous.
Monetary sovereignty is not something the government decides. It all depends on the public's demand for a currency. That demand comes and goes, and once it's gone, a currency is irreparably damaged.
To be an economist with integrity means having to say things that people don't want to hear and especially to say things that the regime does not want to hear.
