This will cause some heads to explode within the various free-market and interventionist religions, but market forces born of production decide which currencies circulate, not central banks or presidents. Which means Javier Milei is wise to not dollarize.
If Javier Milei Trusts the Markets, He Doesn’t Need to ‘Dollarize’ Read More »
If a recession is coming, or for that matter growth, money in circulation will reflect either scenario without regard to the central plans of economists and those who revere them.
Only An Economist Could Believe In the Impossibility That Is Monetarism Read More »
Bruce Springsteen’s mother scrimped and saved to get him his first electric guitar. Which hardly makes him unique. His story is like most for the musicians of his era.
Bruce Springsteen’s Mother ‘Scrimped’ To Get Him His First Guitar Read More »
When banks acquire capital expensively, they don’t just acquire cash. They put it to work, albeit in securities approved of by regulators. Highly liquid securities. Think government bonds, or more specifically U.S. Treasuries.
Bank Capital Requirements Are So Much More Expensive Than the Capital Read More »
Americans who drive all progress are too busy creating all-new knowledge to bother with what’s known now, and this new knowledge will similarly free the proverbial man-on-the-street from having to waste time learning things that, even if they were once useful are surely not useful now.
Americans Are Too Busy Creating To Bother With Learning Read More »
Napoleon “did not realize until it was too late that the only closed political economy is the world economy. Britain could not be starved into submission by blockade unless she were totally cut off from the world. As long as Britain could trade with any nation outside France, it was thus trading indirectly with France.”—Jude
Yo U.S. Protectionists, How Goes the ‘Ban’ On Chip Sales In China? Read More »
Pandora’s Box is a book about television. And a very good one at that! Readers will find it much more than a joy, fans of entertainment in particular.
Book Review: Peter Biskind’s “Pandora’s Box” Read More »
To a high degree, Arizona has been made great by people who appreciated the state’s less government is better government approach to governing.
Arizona Pols Play Politics With Its Pro Business Reputation Read More »
Free traders have long properly believed that the more people in countries are interconnected in an economic sense, the more that peace becomes likely given the immense cost of war.
Retirement Savings As a Crucial Instigator of World Peace Read More »
In a recent column, the Washington Post’s Glenn Kessler acknowledged that the 400 richest taxpayers hand over more to the federal government each year than the bottom 70 percent of earners combined. This isn’t something to celebrate.
Don’t Worry, There’s No Looming Tax Hike On the ‘Middle Class’ Read More »
