Debt, Deficits and the Cost of Free Lunches
It seems that every generation or two, fundamental economic ideas are questioned and challenged. The reasonable and important idea that governments should balance their…
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Central Banking Is Central Planning
At a time when the appeal of and demands for a new “democratic” socialism seem to have caught the imagination of many among the…
Read MoreThe Global Economy Desperately Needs Freedom
How many bureaucrats are there in the world? The global population currently numbers more than 7.5 billion people. Out of that number it is…
Read MoreThe Dangers of Negative Interest Rates and a Cashless Economy
The recent gyrations in the stock market and the uncertainties surrounding American trade policies with China and other parts of the world have raised…
Read MoreBeyond GDP to a New Road to Serfdom
It is a commonplace that there is more to life than money and the material benefits that it may provide someone. We often make…
Read MoreThe Imperial Presidency Embodies Political and Economic Hubris
Historian Arthur M. Schlesinger coined the term “imperial presidency” in the 1960s. It was meant to indicate that the role of the president of…
Read MoreLiberal Capitalism as the Ideology of Freedom and Moderation
Nowadays, many along the political spectrum seem to agree that America increasingly has become a polarized society. Ideological and public policy discourse has been…
Read MoreA Real Agenda for a Renewal of Free Market Liberalism
To mark its 175th birthday, the highly regarded and widely read British news magazine The Economist published a “manifesto” in its September 15, 2018,…
Read MoreMacro Aggregates Hide the Real Market Processes at Work
For the 12 months that ended in July 2018, price inflation in the United States, as measured by the Consumer Price Index, was 2.9…
Read MoreInterest Rates Need to Tell the Truth
In the middle of July 2018, President Donald Trump said in an interview that he was “not happy” with the Federal Reserve nudging up…
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