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...
Economics
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...
How Government Jobs Hurt the Economy
by Gary Galles | May 24, 2021 | Economics, Featured Articles
It seems that every time something adverse happens in the labor market, it restarts the partisan battle between those currently in and out of power as to who is a better steward of the economy. That was illustrated by the Bureau of Labor Statistics's (BLS) release of...
TGIF: Biden Labor Department Undermines Gig Economy
by Sheldon Richman | May 21, 2021 | Economics, Justice, Libertarianism, Sheldon Richman, TGIF
Why should government at any level have the power to overrule how workers and companies define their relationships? This question has become more important than previously with the rise of the gig economy, in which workers such as Uber and Lyft drivers are regarded by...
Calling Out Paul Krugman’s Booms & Busts
by William Anderson | May 18, 2021 | Economics, Featured Articles
That Austrians and Keynesians do not share many views on economics (or probably anything else) is obvious, so a difference of opinion between the two hardly should surprise anyone. However, it still is important to point out the differences between the two camps,...