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 exchange. ...
Mark Thornton discusses his new paper on Ludwig von Mises, trade, and human progress. ...
In this StockCharts TV video, Mary Ellen reviews the sharp rotation that took place in the markets after inflation data came in below estimates. She also highlights new areas of possible leadership as interest rates decline. Most importantly, she shares the ...
What a strange trip it’s been! After breaking out of its June 20 to July 3 sideways movement, the S&P 500 ($SPX) index finally broke out to the upside–until it didn’t. That was on Thursday. Friday was a different story. ...
Bob critiques MMT godfather Warren Mosler’s recent interview where he argued that the Fed rate hikes have been fueling the strong economy. ...
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. ...
While the multitude of payment systems allows merchants to extend their target audience, it also creates multiple challenges for businesses: ‘Scattered’ management – the multitude of payment gateways creates a whole bunch of vendors, contracts, and interactions to deal with. ...
Will Fed Chief Jay Powell rouse King Midas from his summer slumber? Gold investors are eager to have that question answered. The Fed’s response will determine whether investors press pause or pull the trigger. Thursday’s CPI data seemed favorable enough. ...
For all of his freedom-loving rhetoric, it is clear that Woodrow Wilson was one of the most antifreedom presidents in U.S. history. ...
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 monetary policies by the Federal Reserve. ...