Politics
No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing,...
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Politics
Perhaps John Maynard Keynes’ best con job was convincing people that a growing economy needs inflation, lots of inflation. As David Gordon points out,...
Politics
Unfortunately, Trump has no plans to cut government spending, and this means there is little chance that ordinary taxpayers are going to experience any...
Politics
There is much the electorate still needs to understand about how those in power are ripping us off if we’re ever going to see...
Politics
Donald Trump says he has enlisted Elon Musk to cut the federal government by one-third. However, most of the budget cannot be touched.
Politics
Employing the Labor Theory of Value, Marx claimed that entrepreneurial profits arise from exploitation of workers. In reality, entrepreneurs earn profits when they correctly...
Politics
Donald Trump’s win last night is arguably an even bigger repudiation of the establishment than his win in 2016. And that’s worth celebrating. But...
Politics
We’re often told that submission to government edicts is “voluntary” because we have “representative” government. The evidence suggests, however, that politicians don’t represent their...
Politics
The election is upon us. We wonder whether we have to have war, tariffs, and deficit spending, regardless of whom we support. What are...
