When there is increased money coming into an economy from somewhere, the first recipients benefit. They spend it according to their preferences and benefit from the new money, while others who only face higher prices are hurt.
The likely election of Ferdinand Marcos Jr. as the next president of the Philippines might create nostalgia for the martial law his father declared as president. Martial law, however, holds no promise for a thriving economy.
Kulikowski's two-volume history of Rome offers many lessons in what was at the center of the empire. What was Rome? It was violence—political violence as an organizing principle.
Current rates of inflation are worse than what the government claims. Not surprisingly, the government gains when people are fooled.
Sanctions remain popular because they placate the voters who insist "we" must "do something," and government officials are more than happy to accept this invitation to grow state power.
Modern economics claims that quantitative methods are central to understanding economic analysis. Mises demonstrated why this belief is untrue.
A central bank whose policies accommodate irresponsible deficit spending by the federal government is a menace to society, unleashing uncontrollable forces.
Antiracist training involves confessing one’s thought crimes, reporting on friends for "wrong ideas," and other "reeducation" methods familiar to the Stalinists of old.
Pundits demand that US Supreme Court nominees be the "best and brightest" jurists. However, SCOTUS appointments have been and always will be purely political.
Critics of free markets claim that capitalism causes poverty. After economic restrictions against India's Dalits caste were lifted, many Dalits were able to secure a better life and rise from poverty.
