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Politics

In August, the money supply grew at the fastest rate in 23 months.

Politics

One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more...

Politics

Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France’s minister of finance more than...

Politics

Thanks to increasingly broad car-seat laws, a third child often requires the purchase of a larger, more expensive vehicle. At the margins, this has...

Politics

When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common sense.” That...

Politics

While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that it was...

Politics

No interventionist government or central bank wants lower prices because inflation allows the government to increase its power while slowly breaching its monetary commitments.