In recent years, the specter of inflation has loomed large over the global economy, fueled by unprecedented monetary stimulus measures and supply chain disruptions. As prices have surged, concerns about the erosion of purchasing power and the threat of runaway...
Economics
Gold Is Doing Its Job
by MN Gordon | Apr 15, 2024 | Economics, Featured Articles
On Monday, the U.S. Commerce Department announced it was awarding Taiwan Semiconductor Manufacturing Company (TSMC) a $6.6 billion CHIPS Act subsidy for the fabrication of computer microchips in Phoenix, Arizona. TSMC will also receive up to $5 billion in low-cost...
TGIF: Why Isn’t Antifa Marching for Apple?
by Sheldon Richman | Apr 12, 2024 | Criminal Justice, Economics, Justice, Politics, Sheldon Richman, TGIF
I was all ready to don a black mask for the Antifa demonstration when I realized that the self-styled antifascists hadn't planned a demonstration. What are they waiting for? After all, the national government has just started a new fascistic crusade. You'd expect the...
Embracing Hayek’s Wisdom: The Paramountcy of Choice in Currency
by Joseph Solis-Mullen | Apr 9, 2024 | Economics, Featured Articles
In an era marked by economic uncertainty and inflation, the insights of Friedrich Hayek, the renowned Austrian economist, resonate more strongly than ever. Hayek's essay, "Choice in Currency: A Way to Stop Inflation," offers a compelling argument for the...
No, World War II Didn’t Cut Short the Depression
by Stark Realities with Brian McGlinchey | Apr 8, 2024 | Economics, Featured Articles
A principal goal of Stark Realities is to “expose fundamental myths across the political spectrum”—and few myths are as universally embraced as the notion that US participation in World War II (1941-1945) lifted the American economy out of the Great Depression. This...
TGIF: Static Analysis Clouds Immigration Debate
by Sheldon Richman | Apr 5, 2024 | Economics, Featured Articles, Sheldon Richman, TGIF
Opponents of people's freedom to cross national borders to where the best jobs are, aka open borders, make a rookie error: they engage in static analysis and overlook the dynamism of social processes that freedom produces. I was recently asked on Facebook: "Are you...
The ‘Enemy of the People’ Is At It Again
by Tom Woods | Apr 2, 2024 | Economics, Featured Articles
My old friend Michael Malice just shared an AP headline on Twitter that read: "Who wouldn't like prices to start falling? Careful what you wish for, economists say." Malice's commentary: "The corporate press is the enemy of the people." He's right, of course. If they...
The Fed and the Fight for 2%
by Joseph Solis-Mullen | Mar 26, 2024 | Economics, Featured Articles
Last week, Jerome Powell & Co. met to issue an immediate decision regarding the status of the federal funds rate for March, and to provide some insight into the trajectory of monetary policy for the rest of 2024 and into 2025. As with the past few inflation...