Earlier this month, Larry Kudlow insisted that it is "it's incumbent on the U.S. government, no matter who's in power, to maintain the reserve currency status of the dollar." Kudlow laments that a toppling of the dollar from that perch "seems to be the direction we're...
Money does not corrupt politics. Politics corrupts money. Politics as we know it is inherently corrupt; it's the way to select government officials, who then use the legalized threat of physical force, and force itself, to make peaceful people do or not do things...
Future historians may say that the most significant event of 2023 had nothing to do with Donald Trump, other 2024 presidential candidates, or even the war in Ukraine. Instead, the event with the most long-term significance may be one that received little attention in...
Ron DeSantis, who could be the next president of the United States, made his views frighteningly clear: "We understand that freedom is not just about the absence of restrictions.... I think we have to understand that the threats to freedom are not simply as a result...
The standard theory of monopoly within the mainstream of the economics profession is that monopolies increase prices and reduce production levels compared to competitive industries. So I gathered historical economic data on prices and production for seventeen of the...
The word that strikes fear in the power elite is China. It's not fear of an existential threat; rather it's fear that America is becoming second fiddle in world politics. As a result, some believe, or say they believe, that war with China is inevitable. For them,...
According to the St. Louis Fed, there are three functions of money. First, as a store of value. Second, as a unit of account. Finally, as a medium of exchange. The enumeration of these functions represents an attempt to present money and the banking system as...
New York Times Technology writer David Streitfeld recently examined the role the Federal Reserve’s easy money policies played in the rise and, if not fall then at least slippage, of many technology companies. Immediately after the bursting of the housing bubble (which...
