Standard economic theory states that as an economy grows, the money supply should grow with it. Appealing to the Austrian tradition, Frank Shostak shows that belief is mistaken.
The European elites that imposed disastrous covid-19 restrictions, along with "green energy" regimes and sanctions against Russia are now seeing the results of their policies.
Economics is based on human action as purposeful behavior. This means when people act, they try to achieve something. It does not mean that they are always accurate or do the “right thing."
While people from poor countries seek to live in places like the USA because of its stable institutions and welfare state, could migration of people from stable countries to less-developed ones make those countries better off?
Conservatives have missed the point that it is not students particularly that are at fault for the student loan crises, but the entire bureaucratic economic-political system.
The right of self-determination is the right of the inhabitants of every territory to decide on the state to which they wish to belong.
Professor Melinda Cooper of Australia believes she has "discovered" Murray Rothbard, but the Rothbard she claims to have found is nonexistent. David Gordon explains why.
Per Bylund has written a book on economics that is understandable to the layperson as well as presents economics the way it should be done: a science grounded in understanding human action.
The surge of "progressive" prosecutors, many funded by George Soros, has been followed by increases in violent crime.
The Fed's entire "strategy" can be summed up as "hike 'til it breaks, cut 'til it inflates." That's the best all those PhDs at the Fed have managed to come up with.
