In a recent article at The Atlantic, libertarianism was singled out and criticized for valuing freedom more than justice. David Gordon explains that libertarianism doesn't value freedom more than justice. It defines justice differently.
Back in January, ECB President Mario Draghi doubled down on his earlier commitment to do "whatever it takes" to prop up the European economy with easy money. He wasn't joking.
Recognizing they have little chance of changing the outcome, people often vote to send a message about themselves. But, whatever the motivation, voting contrasts sharply with market choices where people actually bear the costs of their own decisions.
Politicians like Bernie Sanders find electoral success demonizing a rigged economy they bear personal responsibility for creating.
Laissez faire means: Let the common man choose and act; do not force him to yield to a dictator.
Asking wealthy elites to provide opinions about central banking generally results in reticence on their part. After all, many billionaires became rich or stay rich only because the global economy has been "financialized".
While the declining trend growth in money supply is bad news for bubbles, it is actually great news for wealth generators.
Human beings like to form cooperative groups to achieve various ends. Research has shown, however, that there are limits to the size and nature of these groups, and this is why the state so often turns to violence.
Food stamps were near and all-time high in 2015. They remain high thanks to a weak economy and a large expansion of the program during the Bush and Obama years.
In a remarkable TV interview, Otmar Issing, the former Chief Economist of the European Central Bank and a former member of its Board, dismisses negative interest rates as a solution to what ails Europe.
