So more big Fed cash floods into the market? Back during QE2 you had partisan hack Krugman rationalizing it all (though QE had little to do with his Keynesian philosophy). Guys like Bob Murphy were saying, "Yep, this is it, get ready for the inflation." And then it...
market
Decrying Income Inequality Is a Tactic to Gain More Power for Government
The 2020 presidential field is saturated with candidates decrying wealth inequality and making the argument to soak the rich. One front-runner, for instance, is constantly denouncing “the millionaires and the billionaires.” Ominously, a New York Times poll found that...
The Boom Is Worse than the Bust
The popularity of inflation and credit expansion, the ultimate source of the repeated attempts to render people prosperous by credit expansion, and thus the cause of the cyclical fluctuations of business, manifests itself clearly in the customary terminology. The boom...
The Hidden Link Between Fiat Money and the Increasing Appeal of Socialism
What causes the seemingly unfounded confidence in socialism we encounter more and more in the news media and among political activists? In the Extinction Rebellion movement, for example, activists are quite certain they have learned that there is an alternative to...
Microsoft Saw What a Four-Day Workweek Can Do
One of the most groundbreaking characteristics of a developed economy is the freedom entrepreneurs and firms have to develop their companies as they see fit. It was precisely this freedom that allowed Henry Ford to experiment with the 40-hour workweek in an age when...
North Carolina Surgeon Wins First Round in Fight to Eliminate State-enforced Medical Monopoly
Today, a state superior court judge denied the North Carolina Department of Health and Human Services’ motion to dismiss a constitutional challenge to a law that bans medical providers from purchasing an MRI scanner without first obtaining special permission—called a...
Only Freedom Will Save the Auto Industry
Nearly 900,000 of the auto accidents that happen yearly on U.S. roadways start with a blind spot. But because most vehicles have a blind spot due to their frame design, there’s little a driver can do that completely eliminates this problem. And while technology has...
Lyft’s Job Access Program Shows How the Market Provides Help Government Can’t
A new initiative launched by Lyft is helping people in low-income communities find jobs, highlighting the main difference between private and government-backed charity. The Jobs Access Program, a partnership between the ride-share company and other organizations such...
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