In the blurry world of conflicting economic indicators and forecasts and policy surprises, activist policymakers at the Fed do not know exactly what the “right” monetary policy is today. Neither do their activist critics.
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?
The social, political, and economic conditions of our world today give Ludwig von Mises’s treatise a refreshing relevance matched by few other works written over the last century.
The Liechtenstein constitution goes to great pains to place obstacles in the way of exercising state power. It also has provisions explicitly allowing for secession.
The enviro-socialist “climate emergency” crowd was busy earlier this month trying to launch the human equivalent of a cattle stampede by getting pe
By advocating an increased monetary role for the state, Keynes has made the credit cycle considerably worse and more destabilising.
Real GDP does not measure the real strength of an economy, but reflects monetary turnover. Thus, the more money is pumped, the stronger the economy appears to be.
In a competitive economy, employers are unable to pocket the surplus produced by workers. If the employers try to do this, they lose market share and their best workers.
The Walton family (the owners of Walmart) is currently worth about $190 billion.
100-year bonds push government debt onto future taxpayers who haven't even been born yet. And they also show the government has no intention of actually paying its debts.
