economics

Minorities Voted For Trump, Trump Owes Them Prosperous Policy

Jack Kemp (1935-2009) always felt Republicans should do well with minorities and immigrants. He saw the Republicans as the party of opportunity, and felt his message of growth should and would resonate with voters who frequently had less, but wanted more. Not long before he died, and as Barack Obama was on the rise […]

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Mexico’s Economy Rejects Keynes, Friedman, & Neo-Miseans

One of the most powerful drivers of Mexican economic growth is economic activity that takes place outside of Mexico. Specifically, economic activity within the United States. Stop and think about that. The previous truth exists as a thorough rejection of modern economic theory promoted by individuals within the Keynesian, monetarist, and Austrian schools. Mexico

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Another Argument for So-Called ‘Global Warming’ As a Driver of Growth

It’s been said before by many inside and outside of science that so-called “global warming” is a good thing. Usually it’s pointed out that warming associates with more food production, not to mention that cold weather kills more people than hot. Beyond that, what about the simple productivity implications of warming? Assuming it’s man-made

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A 2025 Resolution For Fed: Have The Courage To Do Nothing

“The traditional argument against a rules-based monetary policy is that it requires Fed officials to specify too many contingencies ahead of time.” Those are the words of economist Jason Furman, chairman of Barack Obama’s Council of Economic Advisers from 2013-17, and Harvard economics professor at present. The bet here is that Furman could be persuaded to

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If Javier Milei Is Javier Milei, Then Argentina Doesn’t Need the IMF

No individual, no corporation, and no country ever runs out of money. Ever. What all three run out of is investor trust. The above truth rates frequent repeat in light of a recent news account about Javier Milei, Argentina’s president. The report indicated what’s well known, that President-elect Donald Trump is a big fan of Milei’s.

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“MMT” Is Basically a Left-Wing Variant of the Austrian School

Modern Monetary Theory (MMT) is something only economists could have dreamed up. It’s the laughable view that governments can spend without limit so long as they’re the sole issuer of their country’s currency. Except for one problem. If governments were ever reliant on the printing press for their spending power, then it’s safe to

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The Unseen Economics Lesson Within the Beauty of Montecito, CA

Last week, and while walking toward the Pavilions grocery store at the Montecito Country Mart, I passed by Clic. Its website describes it as “a globally acclaimed home décor and lifestyle brand.” Its signage lists shops in prominent locales including St. Barth, Marin, and East Hampton. It doesn’t insult Clic one iota to point

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The Inflation ‘Know-Somethings’ Doth Protest Too Much

“If one-half of the commodities in the market rise in exchange value, the very terms imply a fall of the other half; and reciprocally, the fall implies a rise.” – John Stuart Mill, Principles of Political Economy There was a time – particularly among thinkers on the supply-side and supply-side adjacent right – when it was

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A Falling Oil Price Is a Beautiful Sign of Progress, Not ‘Recession’

“We better hang up. This call is getting very expensive.” It’s something no one says anymore, but it was the norm right up to the dawn of the 21st century, and realistically beyond. Long distance calling used to be very expensive. So were computers very pricey. The typical desktop on offer in the 1990s cost

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