You can count on the knuckleheads at Bloomberg to start off the year with still another dead-wrong proposition. That is, more nonsense about the “strong” labor market—-one so strong that it is purportedly even defying the mighty Fed. The latest US employment report is...
Economics
No More ‘Better Mousetraps’: How Financialization Discourages Technological Improvement
by Zack Sorenson | Jan 11, 2023 | Economics, Featured Articles
Capitalism is a social technology that directs resources toward valuable uses, increasing the total wealth in society. As a social technology, it organizes people and resources into systems and processes. When capitalism directs resources toward processes that...
Joe Biden Is Lying About the Jobs Numbers
by Ryan McMaken | Jan 11, 2023 | Economics, Featured Articles
The personal savings rate is near seventeen-year lows. Credit card debt is at record levels. Millions of prime-age workers have quit the job market, and full-time employment continues to wither. On the other hand, the Biden Administration wants you to think things...
On Trade, Biden Continues Reading from the Trump Playbook
by James Bacchus | Jan 9, 2023 | Economics, Featured Articles
The prolonged charade of the United States is over in its disingenuous opposition to the reconstitution of the Appellate Body of the World Trade Organization. It is clear now that the Biden administration—like the Trump administration before it—has no desire to...
Jim Bovard’s Best Digs of 2022
by Jim Bovard | Jan 5, 2023 | Economics, Featured Articles, Politics
This past year served up endless opportunities for hounding and pounding politicians and federal agencies. Here’s a round-up of the most liked or most hated lines from my 2022 articles. Hearty thanks to Hunter DeRensis and editors at other outlets who ran these...
Stop Confusing Globalization With Globalism
by Connor O'Keeffe | Jan 5, 2023 | Economics, Featured Articles
After the 2008 financial crisis, calls rang out across establishment publications and the executive offices of Wall Street that we were witnessing the death of globalization. The calls grew louder and more numerous after Brexit, the election of Donald Trump, the...
Can Wage Transparency Fix the Pay Gap?
by Walter E. Block | Jan 4, 2023 | Economics, Featured Articles
Will wage transparency reduce or eliminate the pay gap between men and women? Yes and no. Let’s take the no side first. Wage transparency will not reduce or eliminate this pay gap because it emanates from real differences in productivity (actually discounted marginal...
Why Is Everything Getting So Expensive?
by Richard Ebeling | Jan 3, 2023 | Economics, Featured Articles
The United States and most of the rest of the world are, once again, in the midst of an inflationary crisis. Prices in general are rising at annualized rates not experienced by, especially, the industrialized countries of North America and Europe for well over 40...