The principle of Occam‘s Razor states that we should avoid superfluous activity. When it comes to our monetary system, however, the Federal Reserve System doesn't simplify things, but instead complicates the economy. That alone is reason for it to be abolished.
In February, the money-supply growth rate accelerated and continued near a two-year high. Meanwhile, the Fed is chickening out in its efforts to shrink the Fed‘s balance sheet.
People like to believe that national defense is outside of economic analysis, but the reality is that laws of economics are immutable and universal. A case in point is the development of the F-35 Lightning II fighter jet.
With many in the ruling classes violently reacting to DOGE, one figures that Elon Musk might be on the right path. He could learn much more about the dead hand of government if he were to read Ludwig von Mises.
From Paul Ehrlich to Bill Gates, prominent Americans have forecast doom through “overpopulation.” Although the Great Population Disaster has never occurred, that does not discourage the usual suspects from crying wolf.
Within a libertarian society, people are free to act as long as they follow a principle of non-aggression. But can a libertarian society adopt an idea of the common good? In his Friday Philosophy, David Gordon tackles that question.
Far from being a true measure of economic health, GDP is a misleading economic statistic that implies consumer and government spending grow the economy. When government spends, GDP increases.
The federal government didn't take charge of immigration policy until the 1880s. In the early republic, almost everyone agreed that immigration policy was a matter for the states.
Although he has temporarily suspended his threatened tariffs, President Trump‘s demands for “fair trade” make no sense economically speaking. Trump‘s demands of Vietnam alone are beyond head-scratching.
How remarkable it is that today‘s conservatives are so enthusiastically committed to handing over untrammeled power to the executive to impose new taxes.
