While court economists such as Paul Krugman insist that inflation is government's way of ensuring full employment, in reality, inflation is one of the many ways governments steal from productive people.
As the US economy sours, look for a wave of new bankruptcies. The Fed cannot pull any rabbits out of its monetary hat this time.
In a more reasonable world, people like Cheney, Rice, Bolton, et al., would all be forgotten, shamed, and disgraced for overseeing multiple disastrous wars abroad and the creation of a police state at home. Unfortunately, we don't live in a more reasonable world.
Austrian economics stands apart from the economic mainstream in its deductive approach to economic analysis.
The decision to use artificial intelligence–powered robots in the fast food industry depends upon differences in costs and performance between humans and robots. State minimum wage laws are pushing the industry toward robots.
Progressives have created a new thought crime: cultural appropriation. However, one cannot appropriate something that is not owned by anyone else.
Most BRICS currencies are weak and getting weaker, and creating a new joint "BRICS currency" won't solve the problem. Joining together a bunch of weak currencies does not somehow create a strong currency.
Our country is beset by a large number of economic myths that lead us to accept unsound and dangerous government policies.
Can there be a bridge between Heideggerian metaphysics and practical political philosophy?
Compared to how most other people in the world live, Americans have a high standard of living. And despite the talk about inequality, there is more economic and social mobility here than anyplace else.
