How Corporate Bailouts Inflate the Money Supply
Continued bailouts undermine the entire economy by rewarding financial failure and discouraging productive economic activity.
Bank and Corporate Bailouts Create Free Money
Continued bailouts undermine the entire economy by rewarding financial failure and discouraging productive economic activity.
The Limitations of Economic Laws
Economic laws represent the real world. They are not ideologies or objects of worship. These laws are not the product of an ideological wish list but rather explain production and…
The Goose That Laid the Golden Eggs
Mark Thornton discusses his new paper on Ludwig von Mises, trade, and human progress.
The Absurdity of Intellectual Property Laws
While protecting “intellectual property” has a good sound to it — even among libertarians — such policies are harmful to authentic property rights. We need to pursue another path.
Mosler Is Wrong, Interest Rate Hikes Don’t Cause Inflation
Bob critiques MMT godfather Warren Mosler’s recent interview where he argued that the Fed rate hikes have been fueling the strong economy.
The Myth of Market Failure
Mainstream economists often claim that “market failure” is everywhere. However, when one investigates these so-called failures, one has to conclude that government intervention often is behind them.