Monetary Consequence of Tariffs
byLast week in Monetary Paradigm Reset, we talked about the challenge of explaining a new paradigm. We said: “The hard part of accepting this paradigm…
Myth That Health Outcomes and Costs Are Better In Socialized Healthcare Systems: Part 1- Rationing
byBy Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
Benn Steil: Did Russia Really Dump Its U.S. Debt?
byRussia dumped 84% of its American debt,” blared a July CNN headline. Russian central-bank head Elvira Nabiullina said the sales were just part of “diversifying the entire structure…
What causes the acceptance of paper money?
byDemand for a good arises because of its perceived benefit. For instance, people demand food because of the nourishment it offers them. This is…
Who Would Invest in a Gold Bond?
byBerkshire Hathaway CEO Warren Buffet famously dismissed gold. “Gold has two significant shortcomings, being neither of much use nor procreative.” I have recently written…
Why Bolivia Is Not a Socialist Success Story
byby Brittany Hunter Venezuela is a disaster; this is an indisputable fact. When people are eating their pets to avoid starvation, something has gone horribly…
The Blockchain Is a Tempting Target for Central Banks
byFor the past several years, one of the most consistent themes in the world of of central banking has been the ongoing drive to…
The Fed and interest rates
byMost experts agree that through the manipulation of short-term interest rates, the central bank by means of expectations regarding future interest rate policy can…
Speaking truth to power
by“Ron Steigler: Mr. Gardner, uh, my editors and I have been wondering if you would consider writing a book for us, something about…
The Dangers of Totalitarian Planning, Past and Present
byLiberty is a delicate idea and institution. While people say they want freedom, fight under the banner of freedom, and even sometimes die for…