There Is No Reprieve in the Fed’s War on Savings
byBy Attila Rebak There is a particular kind of financial wisdom that used to be passed down at kitchen tables. A grandparent, someone who…
Is the US economy headed for a bust?
byBy Dr Frank Shostak There is a high likelihood that due to the past large decline in the yearly growth rate of the money…
A Schumpeterian Analysis of the Eurobond Scandal through Rothbard’s Cui Bono
byBy George Omondi Ojwang’ Joseph Schumpeter, in Capitalism, Socialism and Democracy (1942), offered a starkly realistic definition of democracy: it is not the rule of the…
Is deflation bad for the economy?
byBy Dr Frank Shostak It is maintained by most experts that a general fall in prices labelled as deflation is “bad news” for the…
Price Inflation Accelerates as Wars and Deficits Expand
byBy Ryan McMaken Fears over price inflation returned in a big way this week as bond yields rose in the wake of recent government…
Friedrich A. Hayek on “The Meaning of Competition,” 80 Years On
byEighty years ago, on May 20, 1946, Austrian economist Friedrich A. Hayek delivered at Princeton University what, in my opinion, was one of his…
Today’s AIs Show the Marginal Revolution’s Unfinished Business
byBy Joakim Book For a brief moment starting in the 1870s, economics was close to becoming a genuine science of human action. Carl Menger…
Speech in Brussels on the Cost of Bureaucracy
byI recently gave this talk at the Free Market Roadshow in Brussels, talking through the cost of bureaucracy in Europe and elsewhere. The whole…
Speech in Tirana on Robotics, AI and the Future of War
byI recently gave this lecture in Tirana on AI and robotics in warfare – even with the developments in Ukraine and elsewhere, most people…
A great deal of ruin
by“There is a great deal of ruin in a nation.” “I sit in one of the divesOn Fifty-second StreetUncertain and afraidAs the clever hopes…