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President Trump has declared today “Liberation Day,” because many of his tariffs come into force. His team is taking a gamble that either the...
While monetary authorities and the government claim that they are “fighting inflation,” the truth is that inflation is an important tool for political and...
President Trump has declared today “Liberation Day,” because many of his tariffs come into force. His team is taking a gamble that either the...
No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing,...
Perhaps John Maynard Keynes’ best con job was convincing people that a growing economy needs inflation, lots of inflation. As David Gordon points out,...
President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off...
Mainstream economists today examine economic phenomena from a “black box” perspective in which they look at inputs and outputs without trying to understand causal...
As we see from Jamaica‘s experience, attempts by the government to be entrepreneurial misallocate resources, waste money, and achieve poor results.
Thanks to unrelenting propaganda from the establishment media, a large number of Americans are suffering from what is diagnosed as “climate anxiety.”
We have reached this point: the government keepers of money do not even understand what money is or why inflation is harmful. To them,...
Rent control always results in housing shortages and deteriorating housing stock. Governments and activists, unfortunately, never learn any lessons.