MARKETS

American “Protectionism” Means Putting America Last!

Americans should ask protectionists such as Donald Trump and Josh Hawley just how America is put ‘first’ by US government trade barriers that constrict ordinary Americans’ freedom to spend their incomes as they choose.

The New Deal and Recovery, Part 5: The Banking Crisis

The New Deal and Recovery, Part 5: The Banking Crisis

To understand how the world’s largest economy ended up shutting-down its entire banking system, one must first be aware of a long-standing defect of that system and of how it led, first to the proliferation of small and under-diversified banks, and then to as many bank failures.

The New Deal and Recovery, Part 4: FDR’s Fed

The New Deal and Recovery, Part 4: FDR’s Fed

If ever an administration had control over Fed policy, and monetary policy more generally, FDR’s was it. It follows that, if monetary policy did less than it should have to end the Great Depression, the Roosevelt administration must bear a good share of the blame.

Kudos to Trader Joe’s

Kudos to Trader Joe’s

By rejecting unfounded accusations and standing by its products and their marketing, Trader Joe’s (and indirectly, its customers) displayed all of them—and therefore has earned the designation as a corporate hero.

Gold and Free Banking versus Central Banking

Gold and Free Banking versus Central Banking

In the absence of government regulation and monopoly control, a free monetary and banking system would exist; it would not have to be created, designed, or supported. A market-based system would naturally emerge, take form, and develop out of the prior system of monetary central planning. 

Free Trade vs. The Folly of Protectionism

Free Trade vs. The Folly of Protectionism

Protectionism fully implemented across all industries would mean a lower standard of living, because it would result in capital and labor unnecessarily being diverted into the production of goods that could more economically be produced elsewhere.

A May Day Remembrance

A May Day Remembrance

The inescapable conclusion of the Mises-Hayek argument about socialist calculation is that an efficient socialist society cannot be designed.

United States Needs Freedom, Not Fascism

United States Needs Freedom, Not Fascism

America does not need the command-and-control planning authorized under the Defense Production Act to deal with the COVID-19 pandemic. Instead, it needs greater deregulation to free the entrepreneurial discovery process. In short, the United States needs more economic freedom, not fascism. 

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