Romina Boccia It’s a positive sign that Congress avoided an unnecessary and wasteful government shutdown this weekend. But the work to responsibly fund the government for the next fiscal year remains. Meanwhile the bigger fiscal challenge – growing debt and rising interest costs – continues to worsen. As
Historically, inflation always referred to an increase in the money supply, whereas nowadays it refers to an increase in prices. This shift in the definition of inflation lets central banks get away with their fraudulent business. Thus, the original definition must be reestablished. We must, by
Cato Editors Erec Smith, a Visiting Scholar of Politics and Society at the Cato Institute, is the co‐founder of FreeBlackThought.com and the author of A Critique of Anti‐Racism in Rhetoric and Composition: The Semblance of Empowerment. In a September 19 interview on CSPAN’s Booknotes+, Smith discussed his work and
While F.A. Hayek is known for his term “spontaneous order,” Mises saw institutional development as coming from growth in human understanding of things. Original Article: Mises versus Hayek on the Future of Civilization
Public goods, in mainstream economic theory, are goods that are nonrivalrous, where one person using a good does not preclude anyone else’s capacity to do the same, and nonexcludable, where owners of the public goods are generally unable to restrict anyone’s access to the good.
The state is held together by violence and nothing else. There is no such thing as "the social contract." But even violence cannot make a state last past its time, as we saw with the USSR. Original Article: States Are Dying from Corruption and the Exponential