Getting the Great Depression (Almost) Right — And Totally Wrong
Few economists—even the free-market advocates—understand what caused the Great Depression. No, the Fed didn’t cause the Depression by failing to inflate the
How the US Regime Subsidizes Immigration—both Legal and Illegal
Governments in the US subsidize immigration through a bevy of welfare programs. The effect of subsidization is predictable: you get more of
Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion
Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As
Why the Bubble Economy Isn’t the Real Economy
Many of the high-flying businesses that received massive publicity turned out to be the creation of a bubble economy. Not all businesses
Covid Showed Us Who Really Rules America
It is during "emergencies" when we learn who really holds political power, and how ineffective are constitutional measures designed to limit the
A Principled View of Nations and Nationalism
As Murray Rothbard has noted, there is an important distinction between nation and state. The former is a voluntary association of people
The Myth of National Defense Spending
Many economic think tanks espouse that national defense spending benefits Americans at large. It doesn’t. The notion that military spending "bolsters" the
Medicaid Expansion Will Not Increase Mississippi’s Labor Force Participation Rate
Krit Chanwong and Marc Joffe On February 28, 2024, Mississippi’s House of Representatives voted overwhelmingly to approve the expansion of the Medicaid program
More States Move to Let Experienced Foreign Doctors Serve Their Patients
Jeffrey A. Singer Last year, Tennessee became the first state to make it easier for competent and experienced doctors in other countries who