No Matter the Form, Easy Money Is Still a Fraud
byBy Jane L. Johnson P.T. Barnum purportedly proclaimed that “There’s a sucker born every minute”, though there is no proof that he actually said it. Whether…
Economics
Economics and reality
byBy Dr Frank Shostak Assumptions that some economists are employing in their theories appear to be detached from the real world. For example, in…
Central Banking and the Efficient Market Hypothesis?
byBy James Anderson The Efficient Market Hypothesis (EMH) is often cited by economists, policy makers and intellectuals in their explanations for the causes of…
Mont Pelerin Society 2024 – in India
byIt was a pleasure to give a speech at the Mont Pelerin Society 2024 in New Delhi. It was one of the most fun…
Central Banking, Knowledge and Unintended Consequences
byBy James Anderson American Banker John A. Allison, in a 2012 paper, provided a pertinent anecdote in which he explained that he had asked…
The Vampire Fiat Money System: How It Works and What It Means for Your Wealth
byWho doesn’t know them: the blood-sucking vampires, the eerie undead, immortalized in countless films, and inspired primarily by Bram Stoker’s novel Dracula (1897). Just think of…
Speech by Richard Cobden in Manchester on January 15, 1846
byGiven the anti free trade sentiment at the moment, we thought this would be worth reprinting. “… I have never taken a limited view…
The Fed Hits the Panic Button and Slashes the Fed Funds Rate
byBy Ryan McMaken The Federal Reserve’s FOMC slashed the target federal funds rate at its meeting this month, reducing the target rate by 50…
Why people pay higher prices for some goods versus other goods?
byBy Dr Frank Shostak Why do individuals pay higher prices for some goods versus other goods? The common reply to this is the law…
Why Marx Was Wrong about Workers and Wages
byBy Allen Gindler One of the central tenets of Marxism is the labor theory of value, which states that the value of a commodity…