We often focus on the fact that abolishing cash abolishes the last remnants of financial privacy. But of course, abolishing cash also increases the Fed's ability to manipulate the economy with negative interest rates.
Philipp Bagus, author of The Tragedy of the Euro, has completed a new book In Defense of Deflation, now available at Amazon.
Here's a quick list of tax readings from the Mises Institute.
The quality of economic journalism in the United States is terrible.
A couple of careful readers wrote to inform me that the Louisiana law banning secondhand dealers from engaging in cash transactions, which I implie
So what is actually behind the push to maintain SNAP in its current form? Mr. Vilsack reveals this—it is Big Food, as represented by the National Grocers Association and the Food Marketing Institute—along with all other secondary beneficiaries from the spending.
Stephen Mauzy, in a post The Chimera of Intrinsic Value, has a problem with the concept of intrinsic value when applied to investing. Mauzy makes a couple of false steps in reaching his conclusions. The statement that "all value is subjective" is potentially misleading because it obscures an important distinction. And the notion of estimating the economic value of investment goods as something that only value investors do ignores its role in all entrepreneurship.
