The left and right-wings of economic thought spend much of their energy trying to refute each other, but an integration of both perspectives might be worth considering. The right-wing of economic thought has conclusively demonstrated that the value creating ability of...
Economics
Part-Time Employment is Growing Faster than Full-Time Employment
by Ryan McMaken | Feb 8, 2023 | Economics, Featured Articles
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 517,000 jobs, which was well above expectations. The words used by the media to describe the report included “stunner” and “wow.”...
Sales Tax Is Still Theft
by Ron Paul | Feb 7, 2023 | Economics, Featured Articles
A group of House Republicans is supporting legislation that would replace federal income, payroll, estate, and gift taxes with a 30 percent national sales tax. The bill also eliminates the Internal Revenue Service, giving states the responsibility to collect the sales...
The Early Bird Stops the Central Bank’s Digital Currency Designs
by Connor O'Keeffe | Feb 6, 2023 | Economics, Featured Articles
Whether you like it or not, central bank digital currencies (CBDCs) are coming. That’s the message in a recent tech column in the Wall Street Journal. A similar tone can be found coming from organizations like the World Economic Forum, the International Monetary Fund,...
Bubbles R-Us
by David Stockman | Feb 2, 2023 | Economics, Featured Articles
The Wall Street Journal today brings word that a professor Efraim Benmelech of the finance department at Northwestern University thinks the Fed is hurting housing and the consumer too much. Opined he, ...those higher interest rates are making mortgages more expensive...
Your Social Security Money Is GONE, Understand?
by Ryan McMaken | Feb 2, 2023 | Economics, Featured Articles
After French protestors took the street to complain about the increase in the retirement age, I read quite a few jokes in social media about how protesting in France is the local pastime. That may be true, but let it not be said that Americans don't feel very, very...
Does the Death of the Petrodollar Signal the End of the U.S. Empire?
by Ryan McMaken | Feb 1, 2023 | Economics, Featured Articles, Foreign Policy
On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. “There are no issues with discussing how we settle our trade arrangements, whether it is in the U.S. dollar,...
TGIF: Don’t Blame Wokeism on the Unfinished Liberal Revolution
by Sheldon Richman | Jan 27, 2023 | Economics, Featured Articles, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
The National Conservatives are not only wrong about genuine liberalism -- that is, libertarianism -- they also apparently haven't bothered to read up on what they think they're attacking. Take Yoram Hazony, author of Conservatism: A Rediscovery, who recently appeared...