Why People Pay Higher Prices for Some Goods Relative to Others
One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more than others. While this seems to…
A Free-Market Guide to Trump’s Immigration Crackdown
One does not need to be an advocate of open borders to have concerns when one hears about a federal law enforcement agency engaging in a “crackdown.”
Gresham’s Law: Bitcoin Will Save the World!
While most of us are familiar with Gresham‘s Law, we should remember that it does not mean that bad money is preferred to good money. Instead, it refers to a…
Post-Election Prospects for Ending DEI
With the demise of the Biden administration, it is time to take a hard look at the DEI programs it imposed. While divisive, simple removal will not solve underlying problems.
The Inflationists’ Narrative Is Crumbling
Let’s be realistic. The U.S. needs pro-growth strategies and tax cuts, but no administration will be able to offset a $1 trillion increase in mandatory spending with higher tax revenues.
The $100 Trillion Global Debt Bomb and Financial Shock Risk.
The $100 trillion fiscal timebomb means lower growth, lower real wages, financial repression, and destruction of the currencies’ purchasing power in the future.
Is America Turning Fascist?
With the election of Donald Trump, we are seeing repeated use of another F-word to describe the direction America is going: fascist. But is that what is happening in the…
Destroying Creative Destruction: The DMA against Innovation
As Joseph Schumpeter noted, markets need “creative destruction” to survive and advance. However, Europe‘s Digital Market Act (DMA)—while written to ostensibly protect competition—gives the digital economy uncreative destruction.