Last week, CNN featured a story called "Men are dropping out of the workforce. Here's why" The article went on to tell us virtually nothing at all about why so many men are leaving the workforce. Although as many as seven million men have stayed out of the workforce...
Economics
Capitalism is a Machine of Subjective Value
by Zack Sorenson | Dec 21, 2022 | Economics, Featured Articles
What is economics and why do we care about it? The economy is what we do and why we do it. Reality introduces scarcity to that equation, and competition results. Our desires and values translate into actions, and competition translates those actions into strategies...
Empirically, Interest Rate Manipulation Doesn’t Work
by Thomas Eddlem | Dec 19, 2022 | Economics, Featured Articles
It’s an economic article of faith among almost every school of economic thought that central banks raising interest rates curtails economic growth and lowering interest rates stimulates short-run economic growth. The problem with this assertion by nearly every...
Turning Down the Noise in the CPI Numbers
by David Stockman | Dec 15, 2022 | Economics, Featured Articles
So the talking heads of bubblevision think inflation is abating, but what about this: Federal revenues in November posted at $252 billion—10.3% below last November—while spending came in at $501 billion. And the latter included an ominous +53% rise in Federal debt...
No, Tax Cuts Don’t Cause Inflation
by Daniel Lacalle | Dec 14, 2022 | Economics, Featured Articles
The narrative to attack any tax cut and defend any increase in government size is reaching feverish levels. However, we must continue to remind citizens that constantly bloating government spending and increasing the size of monetary interventions are some of the...
The ‘Mother of All Economic Crises’
by Ron Paul | Dec 13, 2022 | Economics, Featured Articles
Nouriel Roubini, a former advisor to the International Monetary Fund and member of President Clinton’s Council of Economic Advisors, was one of the few “mainstream” economists to predict the collapse of the housing bubble. Now Roubini is warning that the staggering...
Imagining a Revived, Twenty-First Century Capitalism
by Zack Sorenson | Dec 6, 2022 | Economics, Featured Articles
The death of capitalism has been a common topic of conversation lately. Millennials seem resigned to it, the younger generations can’t wait for it. Bastions of global capitalism—alleged capitalism—such as the World Economic Forum in Davos are quite eagerly promoting...
TGIF: On Liberty and Security
by Sheldon Richman | Dec 2, 2022 | Economics, Featured Articles, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Benjamin Franklin's famous words are often quoted because, alas, they are always relevant. Whether Franklin meant what libertarians take him to have...