By: Andrew Moran Every day, there is some politician – mostly of the leftist persuasion – who convincingly champions education or health care as a human right. Once the populace accepts this premise, the people start believing that a simple wish is now a human right, whether it is a universal basic income, a job, or […]
Austrian Economics
BUST: Central banks make free market recessions worse
By: Justin Murray Given the nature of the modern global economic system, it is only natural to focus on the role of government-created money and central banks when discussing recessions and the ever-expanding credit structure. However, it is important to remember that theoretically, booms and busts and other downturns are not impossible in a truly free market […]
STUDY: More Americans think president controls economy more than Federal Reserve
It turns out that the American think the president is most responsible for the economy, even more than the Federal Reserve, says a new study. According to a Bloomberg survey, conducted with YouGov, more than one-quarter (28 percent) of U.S. adults think the president is most responsible for the economy. This is followed by Congress […]
WATCH: Trump, Democrats are the same on trade policy – terrible
Is President Donald Trump really all that different from the Democrats on trade? Hardly. Don’t believe it? Here is a great compilation of remarks from Democrats and President Trump on the subject: It makes sense, though. Trump was a Democrat for much of his adult life.
Will slumping money supply growth trigger a recession?
By: Frank Shostak A slight strengthening in the momentum of consumer expenditure has prompted many commentators to suggest that as long as the US consumer continues to spend there is no risk of a recession ahead. The yearly growth rate of consumer expenditure at current prices stood at 4.1% in July against 4% in June. […]