When Balancing the Budget Hurts the Economy
The budget surpluses under Milei should be a cause for further cutting government revenue and deflating the money supply. But that’s not happening.
The “Equality of Opportunity” Fallacy
A common complaint is that the 1964 Civil Rights Act started in the “right direction,” valuing so-called equality of opportunity, but then went off the rails with “equality of result.”…
Biden’s Debate Performance Was Revealing
In the debate last night, President Joe Biden needed to demonstrate that, despite his age, he is fit to remain in office. He failed spectacularly.
Draghi’s Globalist EU Speech Urges Concentration of Power
What began as supposedly a free trade union has been turning into an authoritarian, interventionist nightmare. A recent speech by a top European Union commissioner shows the sad direction the…
The Very Model of a Modern Major Bidenomics Economist
Sixteen Nobel prize-winning economists are declaring Bidenomics to be a huge success, and predicting economic disaster if Trump is elected. It’s all further evidence of the pathetic, politicized state of…
Is Stephanie Kelton Failing Her Academic Responsibility?
Stephanie Kelton, the most visible promoter of MMT, is being derelict in her academic duties by not replying to Per Bylund’s critique of her theories in Quarterly Journal of Austrian…
The Collapse of Real Savings Caused the Great Depression
Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was the collapse of real savings, which was due to loose…
Biden’s Blarney on Bank Fees
While President Biden’s inflationary economy continues to falter, the president proposes to outlaw bank overdraft fees, ostensibly to help lower-income Americans. Bank fees, however, are not the biggest threat consumers…