Macro 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…
Dr Richard M. Ebeling
Dr. Richard M. Ebeling is Professor of Economics at Northwood University
Interest 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…
Economic Armaments and China’s Global Ambitions
The world continues to move in potentially dangerous directions. A leading component of this threat is the use of economic armaments by governments to…
The Dangers of Totalitarian Planning, Past and Present
Liberty is a delicate idea and institution. While people say they want freedom, fight under the banner of freedom, and even sometimes die for…
Some Confusions of Language in Economic Thought
Fifty years ago, in 1968, Austrian (and Austrian school) economist Friedrich A. Hayek published a monograph called The Confusion of Language in Political Thought [4]. Hayek…
Socialism, Like Dracula, Rises Again From the Grave
Many of us grew up watching movies about Dracula — Nosferatu, the Undead. Fearful of the sunlight that could burn him into cinders, Dracula…
Tariff Wars and the Fallacy of the Balance of Trade
The world may be on the brink of a series of trade wars between the United States and both the European Union and China….
Free Market Capitalism as the Antidote to the World’s Ills
In following the daily news events both in the United States and around the rest of the world, it is easy to get lost…
The Best Answer to Trump’s Tariffs: Free Trade
In the Bible it says, “He that is without sin among you, let him first cast a stone . . .” It also has…
The Myth that Central Banks Assure Economic Stability
The world has been plagued with periodic bouts of the economic rollercoaster of booms and busts, inflations and recessions, especially during the last one…