By: William Anderson It has been a long time since I read anything by Paul Krugman, and seeing his most recent column simply reminds me why I’ve not missed anything. As both an extreme Keynesian and political partisan, he long ago abandoned economic analysis for something economists should recognize as nothing less than what Mises called metaphysics. Nonetheless, my curiosity […]
Austrian Economics
DEBT & ADDICTION: How the world became a slave to China
By: Andrew Moran The British Empire controlled the 19th century. The United States dominated the 20th. Will the 21st belong to China? Beijing possesses all the hallmarks of a superpower that could lead the world for the next 100 years. Whether this is a positive development or a frightening prospect will be left up to the historians, analysts, […]
FEDERALIST: Why is America dumping milk and euthanizing livestock?
By: Christopher Bedford America’s food system is cracking. People are still eating, farmers are still farming, and grocery stores are still open, but in areas around the country, shoppers looking for meat, milk, and other products find empty shelves and limits on what they can purchase — all while farmers from coast to coast are forced to dump […]
What’s the difference between the Great Recession and the Covidepression?
By: Arkadiusz Sieroń There are several important differences between the global financial crisis of 2007–08 (GFC) and the coronavirus crisis (CC). Origin and Nature of the Crisis The GFC resulted from financial imbalances, primarily the housing bubble, while the CC was triggered by the external negative shock (the pandemic and the following economic shutdown) that […]
Will the world usher in a new monetary order in the post-coronavirus economy?
By: Andrew Moran In response to the Great Recession a decade ago, the international community fired off the big guns to stave off the inevitable decay of the global economy that had been manipulated and distorted through the Keynesian doctrine. Despite the massive fiscal and monetary stimulus at the time, many countries failed to recover from the […]