The German Miracle vs. the Welfare State
[Editor’s Note: The following is by Ludwig Erhard, one of the most important economists of the twentieth century and mastermind of the German economic…
Read More[Editor’s Note: The following is by Ludwig Erhard, one of the most important economists of the twentieth century and mastermind of the German economic…
Read MoreSource: Ronald-Peter Stöferle at https://mises.org/library/unseen-consequences-zero-interest-rate-policy In a dynamic economy, an action not only triggers just one effect, but always an entire series of different consequences….
Read MoreA new white paper resolving Gibson’s paradox is posted on GoldMoney’s site, here: https://www.goldmoney.com/images/media/Files/GMYF/Gibsons%20Paradox.pdf The full ramifications will take further analysis and thinking, but…
Read MoreFrom Eugen von Böhm-Bawerk, source here: http://bawerk.net/2015/07/16/how-the-fomc-got-institutionally-corrupt/ The Humphrey-Hawkins Full Employment and Balanced Growth act signed into law by President Jimmy Carter on October…
Read MoreIn short, the dot-com bust was the last chance for the Fed to pivot and liberate the American economy from the corrosive financialization it…
Read MorePerhaps the first great lesson of economics, as emphasized by Henry Hazlitt, is that there is no free lunch. The second, courtesy of Frederic…
Read More“I have come here to chew bubblegum and kick ass. And I’m all out of bubblegum.” – ‘Nada’ (Roddy Piper) in the film ‘They…
Read MoreUber’s battle with New York City mayor Bill de Blasio, which culminated this week in a temporary truce while the city “studies” Uber, shines…
Read MoreAnyone with a nose for markets will tell you that the Chinese government’s attempt to rescue the country’s stock markets from collapse is far…
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