Economists, investors, and policy makers would do well to take seriously the predictive power of the yield curve, to study and comprehend not only its empirical but also its causal features.
A mandatory minimum wage rate, to the extent it’s set above the market-clearing wage rate, causes unemployment.
Hamilton is an Enlightened, classical liberal, a more consistent champion of rights and liberty than any other Founder, thus an inspiring model for contemporary friends of liberty.
The Financial Crisis of 2008-9 and The Great Recession Was Caused By The Government And Not Capitalism
The financial crisis of 2008-9 — accompanied by the Great Recession was caused by government intervention, mainly in mortgage finance and the housing sector.
Another sad case of a conservative unable to defend capitalism, because they are unable to understand reason and thus the virtue (and practicality) of rational self-interest
Economic growth has been faster when the federal government has been smaller (relative to GDP) – and vice versa.
Conservatives won’t defend capitalism because they won’t defend its morality, rational egoism, and won’t defend that morality because they’re wedded to religion and its ethic of altruism.
There’s nothing moral, “fair” or “progressive” about a graduated (communist) tax schedule.
The creation of money doesn’t create wealth, unless money itself is wealth — as it was when it was gold and silver.