Slowing Money Supply Growth May Trigger a Recession
Since real savings enable the production of capital goods, obviously real savings are at the heart of the economic growth that raises people's living standards.
Since real savings enable the production of capital goods, obviously real savings are at the heart of the economic growth that raises people's living standards.
Entrepreneurial action provides the fuel for the constant mining of consumer value. If entrepreneurs cease acting in this way, consumers will cease to see innovation and growing value in the marketplace.
If governments do anything more than protect property rights, then they're too big.
Government anti-trust policy often results in destroying cost-saving measures adopted by larger firms, thus driving up prices for ordinary consumers.
Most everyone dislikes being taxed to pay for government. So governments turn to borrowing and printing money. But those methods aren't really any less costly than taxation.
A truly effective criminal justice system would be built on restitution, not imprisonment and punishment. Moreover, government-funded prisons have no incentive to rehabilitate prisons since they receive funding regardless of outcomes.
The British opponents of the Corn Laws rightly understood that tariffs and other restrictions on trade are violations of fundamental natural rights, and that they privilege certain entrenched interests at the expense of everyone else.
The last thing we need is a government "solution" to corporate efforts to crush speech and dissenting opinions. Answers lie in the marketplace.
To understand what an inverted yield curve means, you must first understand what the yield curve is.
More than half of the people in the world currently live in urban areas or cities, in spite of it being more expensive to do so. Why?