The Moral Foundations of the Free Market Society
byHigher education in the United States is engulfed in an ideological campaign against the American political and economic traditions of individual liberty, free competitive…
Insight
Ambivalence toward Monetary Freedom is ubiquitous – Why?
byThe vast majority of people would either be up in arms or completely confused if the government suddenly said that all private bread producers…
For Keynesians and Austrians, “Uncertainty” Means Two Different Things
byBy G. P. Manish and Felicia Cowley Keynesian economics has witnessed a remarkable resurgence since the crisis of 2008. The inability of mainstream economics to predict or…
..Crackle, Pop
by“The enthusiasm for Snap came despite the decision by some portfolio managers to shun the stock over concerns about the company’s decision to issue…
How the Fed operates
byWe are often asked about the mechanisms by which the US Federal Reserve Board (the Fed) influences the level of US interest rates and…
The Zero-Sum World of Donald Trump
byFew American presidential elections have drawn as much international interest and concern as the one in 2016. Certainly, who is elected and sits in…
Economic Ideas: Karl Marx’s Misconceptions about Man and Markets
byThough it may seem strange, Karl Marx was not always a communist. As late as 1842, when Marx was in his mid-20s, he actually…
Faking it
byThanks to the election of President Trump and his uncompromising attitude to the establishment media, much hot air is being expended on the subject…
Economic Ideas: Karl Marx, the Man Behind the Communist Revolution
byWhen Karl Marx died in March 1883, only about a dozen people attended his funeral at a cemetery in London, England, including family members….
Bring Back the Gold Gilt
byThis essay was submitted to the Richard Koch Breakthrough Prize for 2017. Executive Summary Our monetary system imposes a form of central planning, based…