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Contrary to the claim that taxpayer subsidies for higher education provide great social benefits, these subsidies actually are a wealth transfer from the less-well-off...
Economists and pundits mistakenly call the Federal Reserve System’s security holdings a portfolio. It is anything but. Original Article: “The Fed’s Portfolio Is Nonexistent: The...
Mark Thornton explains the target as another smokescreen that was originally intended to stabilize monetary policy, currencies, and exchange rates, but has become a...
As Murray Rothbard wrote, inflation is not an increase in prices. It is, instead, an increase in the supply of money in circulation. The...