Dr Richard M. Ebeling

When the chairman of the Federal Reserve Bank speaks the financial markets listen, and this was no different with Jerome Powell’s virtual address to…

or the last two years, the federal government has been legally at liberty to borrow any amount of money necessary to cover its deficit…

There is the ideologically captured mind that squeezes all the complexities, diversities, uncertainties, and serendipities of life into one limited dimension of cause and…

Suppose you lent someone $100, and when they paid you back they only handed you, say, $99 or $80. Would you consider the borrower…

The May 12, 2021, press release from the Bureau of Labor Statistics reporting on the Consumer Price Index (CPI) for the month of April sent the…

This year marks the 150th anniversary of a radical change in the way economists came to understand the logic of human decision-making and the formation…

Back in the 1960s, Everett Dirksen (1896-1969) served as the Republican Party minority leader in the U.S. Senate. One of his famous lines about…

Government spending is out of control. In March 2021, the Congressional Budget Office (CBO) projected that federal government spending in fiscal year 2021 (which began on…

The coronavirus and the government responses with shutdowns and lockdowns, along with restrictions on international travel and disruptions of the global supply chains that…

There are few works in the history of economics that may be truly considered “revolutionary” and “path-breaking,” in its starting premises, its logic, and…