Is consumer psychology the driving force of economy?
byMost experts regard consumer’s psychological disposition as the driving force of an economy. If consumers are optimistic and happy with the economy, no recession…
Society
Blockchain and Healthcare Possibilities: Optional Medical Licensure and Healthcare Vouchers
byMilton Friedman provided an exemplary explanation of how a publicly-funded healthcare system (through healthcare vouchers) in a free(r) market where consumers have the choice…
Bank Robbery Chapter Four: Economists and the Banking System, 1: from Medieval times to Adam Smith.
byOver the years, many economists have noticed how bank-created money skews the economy, affecting distribution of power and wealth across time and influencing what…
The Science Fictional Foundation Under Paul Krugman, Part Two
byAs noted in my preceding column Dr. Paul Krugman’s reflections, as published in the UK Guardian at the end of 2012, Paul Krugman: Asimov’s…
The Science Fictional Foundation Under Paul Krugman, Part One
byPaul Krugman, a few years ago, wrote at length to extol the magnum opus of science fiction grandmaster, Isaac Asimov, the Foundation Trilogy. Prof….
World War One and the End of the Bourgeois Century
by[Editor’s Note: this first appeared on mises.org] Last week marked the 100 Anniversary of the beginning of World War I. That war, which produced…
Matt Ridley on the values of Richard Cobden
byMatt Ridley, in The Times [paywall restricted], considers the political relevance of the values of 19th century Liberals, including Richard Cobden. Surely wanting government…
Statman’s tour of Britain: are average wages falling?
byIncoming from Tom Paterson, chief economist at “Gold Made Simple”: I’m currently travelling around Europe in my VW campervan with my my wife and…
Are you ready for EuroCrash the musical?
byI am not joking. It has finally happened. And I want to see it. As reported by Bloomberg, ‘Euro Crash! The Musical’ is coming…
Strippers and bankers’ just rewards
byThere are many times when working alongside the TCC team I have to smile. Having read a City AM article by our own Dr….