The Bad Economics of Short-Run Policies

The Bad Economics of Short-Run Policies

Bad economics can bring about or grow out of bad politics. But the question is, what are bad economics and bad politics? Unless this is clearly and correctly identified, a bad situation can be made worse, and a good situation can be turned into a bad one. So sorting...
Free Markets vs. Democratic Socialism

Free Markets vs. Democratic Socialism

Warnings are frequently heard nowadays that democracy is currently under threat. And with a demise of democracy will come a loss of liberty. Indeed, democracy and freedom are frequently heralded as being synonyms. An important question, however, is, What do these...
The Myth that Central Banks Assure Economic Stability

The Myth that Central Banks Assure Economic Stability

The world has been plagued with periodic bouts of the economic rollercoaster of booms and busts, inflations and recessions, especially during the last one hundred years. The main culprits responsible for these destabilizing and disruptive episodes have been...
The Unintended Consequences of The Minimum Wage

The Unintended Consequences of The Minimum Wage

Most of us both value and take for granted the ability to make decisions about our own lives. When busybodies put their noses and their mouths into our personal affairs, we often say or at least think, “Mind your own business.” Unfortunately, we live in a world in...
Trump’s Protectionist Tariffs Threaten a Trade War

Trump’s Protectionist Tariffs Threaten a Trade War

The illogical trade policies of President Trump not only threaten to make Americans poorer, but could start a global trade war that could lead to decreasing standards of living for hundreds of millions of people around the globe. President Donald Trump has announced...
Capitalism and Free-Market Competition

Capitalism and Free-Market Competition

Market competition is at the heart of the capitalist system. It serves as the driving force for creative innovation, the mechanism by which market supplies and demands are brought into coordinated balance for multitudes of goods, and an institutional setting for...

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