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.
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.
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…
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…
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…
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.
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.…
The happy, market truth is that no individual, no business, no city block, no city, state, or country ever needs to worry about having too much or too little money.
What drives prosperity in the United States? How did we become such an amazingly rich country? Is it our natural resources? Educated Populace? Infrastructure? Nope! Nothing propels wealth…
In her latest opinion piece for the Washington Post, economics writer Heather Long observed about Federal Reserve Chairman Jerome Powell that “Many had predicted he would be Dr. Doom who caused a…
In short, California already has a wealth tax whereby it arrogates to itself far too much of the fruits of rich people and rich company production. There’s the cause of the debt. Simple stuff.
Naturally arrived at prices are the way that a market economy organizes itself. By extension, fake prices forced on producers by government as a rule result in scarcity if the force is real. Just as…
What’s a more immoral leave-behind to the sainted “grandchildren”? Debt that investors line up to purchase at the lowest rates in the world, or a massive, resource-swallowing government that achieved…
In my last education article, Oh The Hubris. The Sneering Elitism Of The ‘Educated,’ I illustrated the vast difference between being “educated” and being…
For every excited or optimistic buyer in any market to express the excitement or optimism, there must be a seller willing to transact. This has seemingly been forgotten by China’s Xi Jinping
College attendance will never go out of style mainly because the desire for exclusivity is as old as humanity is. At the same time, the relevance of college education to career (always vastly…
FTC Chair Lina Khan’s aversion to big is well established, as is the EU’s. Imagine if Khan had headed up the FTC in the 1990s? Other than her age, the notion isn’t outlandish.
Paraphrasing George Orwell, some things are so ridiculous that only an economist could believe them. Take the front-page drama related to China’s alleged “deflation.”
Regulators routinely fall into the trap of fighting yesterday’s battles, wasting taxpayer resources, and subjecting American businesses to legal harassment with zero foresight into how an industry…
Printed money isn’t the same as circulated money. Not by a longshot. That’s why the dollar circulates so heavily in countries not the U.S., and that have their own currencies
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