One of the reasons that most economists of the 1920s did not recognize the existence of an inflationary problem was the widespread adoption of a stable price level as the goal and criterion for monetary policy. The extent to which the Federal Reserve authorities were
Despite the soothing hot air from the White House and Fed officials, the financial system is becoming increasingly fragile and unstable. Maybe all of that intervention the past decade was not wise. Original Article: "Finance Discovers Sting: "How Fragile We Are""
Modern culture is biased against those that are rich even while depending upon the wealth that successful entrepreneurs have created. Original Article: "Progressives Want to Eliminate Wealthy Entrepreneurs but Need the Wealth They Create"
Mark takes a look at all the wrong predictions of recession in recent years, including those of Austrian School economists. While the MSM and Fed officials try to downplay the coming of a recession, many of the statistics and facts that Austrian consider important are
Rulers found out early on that they could debase gold and silver coins for their own gain. As a consequence, the money supply increased, whereas money’s purchasing power fell. This pseudoalchemy is the true definition of inflation and has been a policy for more than
Back in 2002, then-Vice President Dick Cheney claimed "Reagan proved deficits don't matter" and went on to push for tax cuts combined with more federal spending. Indeed, the Bush administration would go on to push immense amounts of new spending, supporting a huge Medicare expansion
Adam N. Michel The House Ways and Means Committee Republicans recently released legislation to retaliate against individuals and businesses based in countries that impose extraterritorial taxes on American companies. The proposal is a reaction to ongoing efforts by the OECD to coordinate a global tax increase on
Jay Schweikert and Isaiah McKinney This week, in Sackett v. EPA, the Supreme Court closed the book on Mike and Chantell Sackett’s 19 year saga of trying to build on their land. In 2004, the Sacketts purchased property 500 feet from the shores of Priest Lake, Idaho. In
In 1948, Ludwig Erhardt rescued a German economy that was in shambles simply by invoking free markets and currency reform. Our economy needs its Rothbard moment. Original Article: "Rothbard’s Button Doesn’t Exist, but It Needs to Be Invented"
Once again, the economic system is trying to adjust to political and monetary interventions. The year 2023 marks the end of a historical period characterized by zero-cost credit. The monetary expansion that began in the early 2000s led to the great financial crisis of 2008 and