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.
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…
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.”
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
It’s so easy to be pessimistic, but the pessimism ignores that the whole world becomes more and more safe from socialism, communism and other ideologies as savings and investment grow.
This will be the last pretentious Dostoevsky reference for a while, I promise. But since economists and their enablers still think of inflation as rising prices (there’s in reality a big difference…
The surest signs of immense prosperity in the here and now can be found in the problems that excite the minds of left (global warming) and right (left-wing professors).
Proponents of the global warming theory claim that the warming is caused by the burning of fossil fuels. The theory implies that the primitive living conditions that preceded the discovery of…
Right now, there’s legislation in the House and Senate meant to limit hospital consolidation alongside efforts to equalize the cost of routine doctor/hospital visits. No thanks. As with all price…
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