Money: What Is It? The More Important Question: Why Is It?
Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.
Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.
In a recent speech, President Joe Biden blamed inflation on businesses raising prices and told them that they needed to lower their business costs -- but boost wages. You do the math.
As the Institute’s first graduate cohort nears graduation, the Institute looks forward to welcoming its fall 2022 cohort.
Green energy advocates want us to believe we easily can transition from conventional fuels to renewables. In truth, such a transition not only would devastate world economies, but also is not technologically possible.
Since the Obama administration nationalized the student loan program, we have seen student debt metastasize. Unfortunately, the Biden administration looks to make things even worse.
It is easy to blame the covid-19 lockdowns for the weakening Chinese economy, but that would be a gross simplification.
Typical economic commentary claims that deflation is a Very Bad Thing. Think again.
Fed chairman Jerome Powell recently claimed they were "targeting" the "neutral" interest rate. The Fed cannot set or even know that rate, for it doesn't come from government authorities.
Economic growth depends upon human capital development, which depends upon things like cultural views toward work and just plain showing up on time.
France is seeing its wealth-to-income levels rise to Japan's level because it is becoming harder for people to save and build wealth.