Oddly enough, the one question that finally brought me to anarchy was: “where does money come from?” It was perplexing to me that the answer to such a simple question could be so simple, yet so complex—and, moreover, absurd. So? Where does money come from? I found...
Economics
TGIF: Is “Free Election” an Oxymoron?
by Sheldon Richman | Jun 18, 2021 | Economics, Featured Articles, Foreign Policy, Libertarianism, Politics, Sheldon Richman, TGIF
American leaders and their loyal media pundits love to sit in judgment of other countries' election, declaring them fair or rigged according to their seemingly meticulous standards. In fact, the real standard is that the regimes "we" like hold free and fair (enough)...
Stimulus Is Not the Answer to Your Economic Woes
by Robert Blumen | Jun 16, 2021 | Economics, Featured Articles
Congress is hard at work on a stimulus bill. Doubtless their efforts will pay off. Does anyone stop to ask what it is about stimulus that stimulates? And what, exactly, does it stimulate? Start by spending a lot of money that the government does not have, borrow the...
TGIF: VP Harris Tells Guatemalans to Stay in Their Place
by Sheldon Richman | Jun 11, 2021 | Economics, Foreign Policy, Justice, Libertarianism, Sheldon Richman, TGIF
Shame on Vice President Kamala Harris. On her recent trip to Guatemala she said, "I want to be clear to folks in the region who are thinking about making that dangerous trek to the United States-Mexico border: Do not come. Do not come. I believe if you come to our...
The Cult of Keynes and Its Origins
by Robert Blumen | Jun 8, 2021 | Economics, Featured Articles
The British Austrian economist W.H. Hutt was a great critic of Keynes’s economic theories. However, his speculations on why the New Economics revolution happened are even more fascinating. Hutt shows it to be a fundamentally dishonest undertaking. Keynes held a...
TGIF: What the State Really Is
by Sheldon Richman | Jun 4, 2021 | Economics, Justice, Libertarianism, Sheldon Richman, TGIF
To better understand the nature of government, one can think of it as an agency that sells or, more precisely, rents power to others. The greater the power and the wider its scope, the more opportunities the state's agents will have to sell access to it in return for...
Biden Proposes Globally-Imposed Corporate Tax Rates
by Stark Realities with Brian McGlinchey | Jun 3, 2021 | Economics, Featured Articles, Foreign Policy
In a move that would primarily benefit the world’s largest economies and most bloated governments, the Biden administration has proposed that all the world’s countries agree to impose corporate taxes at a rate no lower than 15%. Biden also proposes punishing countries...
Joe Biden’s Fake Economic Recovery
by Daniel Lacalle | May 28, 2021 | Economics, Featured Articles
The University of Michigan consumer confidence index fell to 82.8 in May, from 88.3 in April. More importantly, the current conditions index slumped to 90.8, from 97.2 and the expectations index declined to 77.6, from 82.7. Hard data also questions the strength of the...