(Editor’s note: With Ilhan Omar and Somalia in the news, this would be an appropriate article to publish, since libertarians are always told to move to the failed state.) By: Andrew Moran In elementary school, if a peer wanted to bully you for something you like, they would say, “Yeah, well, why don’t you marry […]
Austrian Economics
WATCH: How minimum wage laws limit entry-level job growth
When discussing the minimum wage, the go-to opinion is that it will destroy jobs. But that’s not all it does. It slashes hours, it reduces benefits, it increases employees’ workload, and it even lowers workers’ overall take-home pay. There is something else that is usually omitted from the conversation (perhaps on accident): entry-level job growth. […]
Financial media reveal their disdain for gold
By: Chris Powell At least the Financial Times now has come clean about its hostility to gold – as well as to free markets and elementary journalism. Gold Anti-Trust Action Committee (GATA) friend Chris Kniel of Orinda, California, sent to the newspaper’s chief economic columnist, Martin Wolf, the excellent summary of gold and silver market […]
Even with $5 million, Austrian economics still can’t get love at Mizzou
By: Andrew Moran As the great Rodney Dangerfield might say, the Austrian School of Economics don’t get no respect from academia. Heck, even when you pay a university millions of dollars to at least introduce a new class of students to the economic discipline, it still gets no love. That is exactly what allegedly happened at the […]
Fed’s June money-supply growth slows to third-lowest growth rate since 2007
By: Ryan McMaken Money supply growth fell in June, falling back near March’s growth level, which was at a 12-year (145-month) low. June growth rate was higher than only two other months during this 12-year period: March 2019 and April 2019. In June, year-over-year growth in the money supply was at 1.98 percent. That was […]