By: Ron Paul Bloomberg News recently solicited advice from Argentinians who lived through that country’s high inflation on how Americans should cope with rising inflation. The Argentinians suggested Americans spend their paychecks as fast as possible to avoid future price increases. They also suggested taking out loans that can be paid back later in devalued […]
Austrian Economics
LOL: Pope Francis blames capitalism for world hunger
By: James Garagnon Last month on “World Food Day,” Pope Francis yet again graced us with some economic words of wisdom in three tweets, effectively blaming free enterprise and capitalism for the continued existence of world hunger: The fight against hunger demands we overcome the cold logic of the market, which is greedily focused on mere […]
Joe Biden’s ‘Minority Report’ economics
By: Andrew Moran Who knew that the terrific 2002 motion picture, Minority Report, would become the basis of a U.S. president’s economic agenda? The concept of pre-crime is nothing new in public policymaking, as it has been entrenched in counter-terrorism efforts for years. However, President Joe Biden hopes to give it an upgrade by snooping on bank […]
Inflation is killing the post-COVID economic recovery
By: Daniel Lacalle Last week, Ned Davis Research published a note titled “Turns Out, Growth Looks like It Was Transitory—Inflation Is More Sticky.” There are many factors that show us that consumers and salaries are being eaten away by inflation, leading to an abrupt halt in the recovery. Autos and new home sales plunged, real disposable personal […]
MMT: Glorious Government
By: Per Bylund The new kid on the economics block is something called modern monetary theory. The name is new, but the “theory” is not. Proponents adamantly claim that it is both new and a theory of economics. To make it appear this way, they dress the ideas in unusual-sounding jargon and use rhetorical tricks. For example, instead of presenting […]