Friday, November 24, 2017

Economics

Money-Supply Growth Falls Yet Again, Dropping to 116-Month Low

Growth in the supply of US dollars fell again in September, this time to a 116-month low of 3.4 percent. The last time the money supply grew at a smaller rate was during January...

GOP Tax Plan Increases the Most Insidious Tax

Last Thursday, congressional Republicans unveiled their tax reform legislation. On the same day, President Trump nominated current Federal Reserve Board Governor Jerome Powell to succeed Janet Yellen as Federal Reserve chair. While the tax...

Do Not Fear Innovation and Automation

Around 3000 BCE, written language emerged for the first time in human history. The rise of city-states engendered an ever-growing economy, and people could no longer maintain transactional records solely in their minds. Economic...

Tesla Just Turned the Power Back on at a Children’s Hospital in Puerto Rico

This article originally appeared at Anti-Media.  San Juan — Amid controversy over how the Puerto Rican government is handling the recovery process following Hurricane Maria, it was reported this week that Elon Musk is making...

How Not to Cut Welfare Spending

The U.S. federal budget is now in the neighborhood of $4 trillion. Just ten years ago it wasn’t even $3 trillion. It was “only” $2 trillion in 2002, and didn’t reach the trillion dollar...

Cato’s Economic Freedom of the World: 2017 Annual Report

The foundations of economic freedom are personal choice, voluntary exchange, and open markets. As Adam Smith, Milton Friedman, and Friedrich Hayek have stressed, freedom of exchange and market coordination provide the fuel for economic...

Libertarianism Is More Than Just Market Fundamentalism

Libertarian critics and supporters alike often characterize our approach to social problems as “let the market take care of it.” If the government would just stop taxing and regulating us, so the narrative goes, all...

Austrian Economics Could Better Explain Politics

In a previous article, I discussed a theory of conflict framed by economics.  I suspect that my thoughts touch on Rothbard's elusive category of Praxeology: the "Theory of Hostile Action". I stumbled upon the idea...

The Debt Ceiling and Magical Government Accounting

Last Friday, on September 8, President Trump signed into law a new 3-month suspension on the debt ceiling. On that same day, the US Treasury decided to celebrate the event by borrowing an additional...

How the Feds Blocked Effective Flood Insurance

As the floodwaters brought by Hurricane Harvey last week recede and new hurricane Irma moves slowly toward the Eastern U.S., it might be edifying to review how millions of Americans, despite federal anti-flood efforts,...
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