The War on Producers and Entrepreneurs Is Based on False Notions of Profits
Since Adam Smith, economic thinkers have failed to understand that profits in a market economy are not extractions of wealth from laborers.
Since Adam Smith, economic thinkers have failed to understand that profits in a market economy are not extractions of wealth from laborers.
As the recent election of Javier Milei in Argentina shows us, there still is a place in the political world for libertarian
Government efforts to expand “aggregate demand” involve new spending and money creation. In reality, these activities destroy wealth in the name of expanding
What Is Money? Who Controls It? Gold is money! Silver is money! Everything else is credit! J. P. Morgan famously said this in his
When the economy goes into a recession, most economic commentators believe that the government and the central bank should take steps to
In July 2021, the Watson Institute of Public Affairs at Brown University reported that since September 11, 2001, 7,057 US military personnel
Our vacation airline tickets in September were funded by accumulated miles on our Alaska Airlines credit card. While on vacation this summer,
The job market is still hanging on—but not nearly as well as the headline numbers and media pundits would have you believe. Original
By borrowing money and “creating” new jobs, the government is creating the illusion of a strong economy. This does not end well. Original Article: The Government
Javier Milei has begun his presidency by taking action against much of Argentina’s vast welfare state. One hopes it is the beginning