Politics
The Central Banking Establishment Is Genuinely Worried About Trump, but Not for the Reasons They Say
Central bankers are not afraid Trump will “politicize” the Fed and turn it into a crony arm of the government that warps the economy...
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The Civil Rights Act, first passed in 1964, is falsely connected with freedom. In reality, this law severely restricts individual liberty and replaces it...
Mainstream economics and finance theories hold that markets immediately adjust to new information. While market prices do reflect available information, the Efficient Market Hypothesis...
From the Jacksonians to the Marxists, political theorists have understood that there is something unique about “small industry” between big business and propertyless workers.
Central bankers are not afraid Trump will “politicize” the Fed and turn it into a crony arm of the government that warps the economy...
The current Washington tiff between Donald Trump and Jerome Powell is being reframed as Powell heroically defending the Fed’s “independence.” In truth, the Fed...
“America, above all countries, was born in an explicitly libertarian revolution, a revolution against empire; against taxation, trade monopoly, and regulation; and against militarism...
“America, above all countries, was born in an explicitly libertarian revolution, a revolution against empire; against taxation, trade monopoly, and regulation; and against militarism...
Conservatives may protest at first, but ultimately, they bring up the progressive rear to defend, and indeed celebrate, the new status quo.
When it comes to supporting the Trump administration, there is room for some honest self-reflection: What did I know and when did I know...
Net Present Value (NPV) is a popular decision-making criteria used by firms to make key, crucial choices about how to allocate resources across an...
When Hugo Chavez nationalized Venezuela’s oil industry and created a huge welfare state funded by declining oil revenues, he unleashed huge social problems that...
What would be the economic consequences if one individual had a money printer? Now trace that out to a central bank and government.
Most economists subscribe to a belief in “positive economics,” which means that economic theory flows from economic data. Thus, all theory can be tested...