Politics
Argentina’s economy has been plagued by increasing inflation since 2007, reaching a world record of 210 percent in 2023. Additionally, the economy has been...
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Politics
Bob looks at the misconceptions and misuses of GDP accounting, explaining why this widely accepted metric often paints a misleading picture of economic health.
Politics
Americans and Cubans have been deprived of trade and travel. Who benefits?
Politics
Since the end of the 19th Century, much of US history has been marred by meddling in the affairs of other nations. From William...
Politics
In our current age of rampant monetary inflation and price inflation, good economics has become more relevant for ordinary people. Inflation is not some...
Politics
The concrete effects of the destruction of money and property on human personality are demonstrated most vividly in the historical episode of the German...
Politics
In ending the gold standard, Nixon was guided by Milton Friedman, who wrongly believed that the Fed could end recessions and cope with inflation...
Politics
Progressives claim that profits are an unjust transfer of wealth from the poor to the rich. In reality, entrepreneurs earn profits by directing resources...
Politics
The Fed presumably has an “implied guaranty” from the Treasury, but it seems certain that Congress never dreamed that the Fed could experience the...
Politics
Biden has embraced the trade war. But, if protectionism actually produced competitiveness, American steel manufacturers would have become world leaders long ago.
