For more than two centuries, the doomsday crowd has claimed that capital development will create mass unemployment. And for two centuries, they
Professor Lucas Engelhardt examines how mainstream economics has deliberately abandoned the history of economic thought, and why Austrian economists must keep teaching
Beyond the initial oil shock, the Iran war is also laying the foundation for ongoing monetary inflation and price inflation, with no
All aboard! Government policies are moving us down the tracks into proverbial political perdition. This is a ride many of us would
The so-called money multiplier that exists through fractional reserve banking is propped up by central banking and inflation. It is not a
Today, the mortgage interest rate on a 30-year fixed mortgage is 6.47%, remaining near a 3-month high as Iran-war uncertainty weighs on
Fuelling at service stations has been restricted to 50 litres per day for private vehicles and 200 litres for companies and other
"The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements."
Issues of homelessness and vagrancy in public spaces and on public transportation are made worse because government ownership of the property does
If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand.