Trump is at it again with his tariff craziness. How should Canada respond?
byBy Walter E. Block Before we answer the question, let us give some evidence of the accuracy of this description. He calls tariffs “the…
Economics
Speech in Vienna on The History of Free Trade
byI gave this speech at the European Parliament Liaison Office in Vienna, at the European Resource Bank meeting of think tanks and academics from…
Does a growing economy require increase in money supply?
byBy Dr Frank Shostak It is held by a popular thinking that a growing economy requires a growing money supply in order to provide…
Predicting the end
by“..but none of the clocks have any hands..” “We are all at a wonderful ball where the champagne sparkles in every glass and soft…
The Limits of Economic Foresight and the Oracle of Delphi: Why Models Warn, but Never Predict
byWhy Radical Uncertainty Undermines Predictive Ambitions in Economics By Elias Sanchez In antiquity, kings, generals, and heroes journeyed to the Oracle of Delphi seeking…
Correlations and money supply definition
byBy Dr Frank Shostak According to popular thinking, the definition of money is of a flexible nature. Sometimes it could be M1 and at…
The Power of the Mind in Medicine
byNot monetary policy-related, but nevertheless a very interesting area of policy-making – I am currently working on a volume with Springer Nature on the…
The CPI as Evidence of Methodological Error
byBy Keith Wilkinson Adam Smith’s Wealth of Nations (1776) is considered the beginning of modern economics, a discipline of philosophical and political thought. From Smith to Marx,…
Henry Hazlitt’s Economics in One Lesson at 80
byI first met the free-market journalist Henry Hazlitt (1894–1993) in June of 1974 at an Austrian economics conference in South Royalton, Vermont. I had…
Quantum Adaptation and the Informal Market: A Political-Economic Analysis of Bolivia
byBolivia’s informal economy is not a problem—It is a solution to institutional failure By Elias Sanchez This week, Bolivia inaugurated a new president, Rodrigo…