Keynesians believe that if there is a bout of inflation, central banks can slowly guide the economy to a “soft landing” which minimizes unemployment and income losses. Such policies, however, only lead to further boom-and-bust scenarios.
Harris promises to reduce prices by printing more money, reducing competition, and attacking businesses. Welcome to the US version of Argentina's “Peronism.”
From 1949 to 1962, American libertarian R.C. Hoiles and Ludwig von Mises corresponded many times, discussing issues relating to state power. While the correspondence at times was acrimonious, nonetheless, it offered valuable insight into the issues we still face.
A recurring myth among progressives is that the state can enforce "fairness." However, given that government cannot even effectively define fairness, one doubts that the state can "enforce" what it doesn't know.
The Fed promises a soft landing, but the fact that the Fed now plans to start cutting interest rates is one of the strongest recession signals we can get.
Bob quotes from David Ricardo to show that the classical economists understood that utility was essential to explaining market value, but then he also explains why the Marginalist Revolution was a scientific advancement.
While Kamala Harris has not said much about her proposals for US foreign policy, her associations and likely appointments speak very loudly for the continuation of promoting international conflict and domestic surveillance against dissent.
David Gordon reviews J.W. Rich's new book, Praxeological Ethics: An Inquiry into the Nature and Foundation of Ethics and finds much to like about this volume.
With the US government engaged in out-of-control spending, we are looking at tax increases in the coming years. And even if Congress does not pass official tax hikes, we will see the government seizing wealth via inflation.
Ryan and economist Jonathan Newman look at what happens when governments try to control prices. It turns out bad things happen.
