Why Marx Was Wrong about Workers and Wages
By Allen Gindler One of the central tenets of Marxism is the labor theory of value, which states that the value of a commodity…
The war over so-called Price Gouging
Written By Maxwell Marlow Readers will excuse me for prompting them to delve into their pandemic memory hole, but isn’t it glad to be able…
Why the Crony Class Loves Artificially-Low Interest Rates—And Why You Shouldn’t
By Artis Shepherd In our bureaucratically-managed economy, financial prosperity increasingly depends on how close one can position himself to the dissemination of newly-created money….
Zero Hedge: Yield Curve Shifts Offer Signals For Stockholders
Authored by Michael Lebowitz via RealInvestmentAdvice.com, The level of U.S. Treasury yields and the changing shape of the Treasury yield curve provide investors with…
John Kenneth Galbraith’s The Great Crash, 1929: A Retrospective
By Russ Lemley The New Deal has been a key driver behind how the Democratic Party justified its hold on political power in the…
Markets Quake as Monopolist Capital Pursues a Technological Coup
By Brendan Brown A serious omission is notable in the circulating list of suspects responsible for the early August quake in global risk-on markets….
The Fed is holding interest rates steady. This won’t last much longer.
By Ryan McMaken The Federal Reserve’s Federal Open Market Committee (FOMC) announced today that it will maintain the current target policy interest rate (the…
Central banks purchase gold to offset their own money destruction
By Daniel Lacalle Why is the price of gold rising if the global economy is not in recession and inflation is allegedly under control?…
How Rent-Seeking Wrecks the Soul of Enterprise
By Kimberlee Josephson Whenever financial assistance or opportunities for achieving favorable gains are present, rent-seeking often follows. Rent-seeking, as conveyed by Robert Tollison refers…
Is High Inflation Followed by Demands for Sound Money? Usually Not.
By Brendan Brown The severe losses for the center-right parties in the mid-summer French and British general elections, (i.e., Macron’s center-right coalition partners and…