A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to
William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would
The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser
Ours in an age when people panic, sometimes for good reasons but often for bad. Governments benefit from panicked citizenry, which is
Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want
The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser
The Trump White House has enacted tariffs in the belief that other countries are “cheating” by enacting tariffs against US goods and
Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however,
There are numerous critics of free markets. However, all of those critics also are consumers and they gladly depend upon free markets
There are numerous critics of free markets. However, all of those critics also are consumers and they gladly depend upon free markets