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The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—fail to comprehend that it even...
The more things change, the more they remain the same. In our present age of inflation, we are reminded of how Diocletian and other...
The Fed’s specialty is propaganda through data, with a long record of failure. This is by design. Their communication tools must work in overtime,...
The concrete effects of the destruction of money and property on human personality are demonstrated most vividly in the historical episode of the German...
Argentina’s economy has been plagued by increasing inflation since 2007, reaching a world record of 210 percent in 2023. Additionally, the economy has been...
In our current age of rampant monetary inflation and price inflation, good economics has become more relevant for ordinary people. Inflation is not some...
In ending the gold standard, Nixon was guided by Milton Friedman, who wrongly believed that the Fed could end recessions and cope with inflation...
Biden has embraced the trade war. But, if protectionism actually produced competitiveness, American steel manufacturers would have become world leaders long ago.
The Fed presumably has an “implied guaranty” from the Treasury, but it seems certain that Congress never dreamed that the Fed could experience the...
Progressives claim that profits are an unjust transfer of wealth from the poor to the rich. In reality, entrepreneurs earn profits by directing resources...