Wednesday, October 17, 2018

Economics

Human Action: A Chapter-by-Chapter Summary

Introduction Economics is the youngest of all sciences. But it opened to human science a domain previously inaccessible and never thought of — the regularity in the sequence and interdependence of market phenomena. Economic scientific inquiry...

Why You Should Read Mark Thornton’s The Skyscraper Curse

A general, but serious, reason to read this book— The Skyscraper Curse: And How Austrian Economics Predicted Every Major Economic Crisis of The Last Century — is to avoid being one of the...

The Idea That the Fed Is ‘Independent’ Is Absurd

President Donald Trump sparked controversy — as is his wont — when he recently told CNBC that he was “not thrilled” with the Federal Reserve’s announced hikes in short-term interest rates, which he claimed...

Money, Fake Money, and Sound Money

Americans no longer carry gold and silver money in our pockets and purses as our grandparents did. But we still carry the history, legacy, and spirit of those gold and silver coins in our...

Immigration Politics and the Perception of Chaos

A compelling explanation for why the American immigration system is more restrictive than other developed countries is that voters here do not feel that they have control over the border.  Pictures, videos, and the...

Scott Sumner Wants to “Modernize the Fed” — This is What He Gets Wrong

Scott Sumner recently penned  an article suggesting that the Federal Reserve needs to modernize its approach to monetary policy, a sentiment shared by many economists and policymakers. The Fed certainly has made a series...

Spending Our Way to a Fiscal Crisis

According to financial writer Simon Black, the federal government is spending approximately 52,000 dollars per second. This, not last year’s tax cuts, is the reason why the national debt has reached a record 21...

Denmark’s ‘Ghetto Laws’ Show How the Welfare State Breeds Conflict

Danish Parliament recently passed a majority of controversial laws in a 22-proposal bundle known locally as the “ghetto package.” Among these laws are plans to forcibly educate poor immigrant children in Danish customs for...

Big Spenders Get Worse Every Year: The History of Growth Since 1940

In March of 2018, President Trump signed into law a $1.3 trillion omnibus spending bill to avoid shutting down the federal government. After signing the 2,200-page bill, the president proclaimed he would “never sign...

Two-way Trade in the “Same” Commodity

Sunday, when my grocery guy Lucio came to my gate, his truck contained, along with the usual variety of produce and other foodstuffs, a box of beautiful strawberries, which I snatched up along with...
Read Scott's NEW Book
Read Scott Horton's new book Fool's Errand: Time to End the War in Afghanistan