Creating paper money does not create goods.
The basic ingredients for Hong Kong’s progress were not foreign aid and other handouts from Western nations but instead law and order and a free market.
Ben Bernanke presided over the Federal Reserve for two terms, from 2006 through 2014. A year and half into his first term, he began driving the Federal Funds Rate down. By the end of his frantic interest episode, this key overnight lending benchmark had been crushed. It hit bottom, and it hasn’t sprung back in […]
When our government subsidizes home purchases, recklessness is invited.
In a recent Washington Post op-ed, Harold Meyerson, an avowed socialist, compares corporations who buy back their own shares to Las Vegas mafia bosses who used to skim casino profits. The basis for his smear is “a recent paper by J.W. Mason, an economist at the City University of New York and a fellow at […]
The Fed is a large and aloof agency that needs to be tamed.
Monetary policy is actually putting the hurt on labor. Let’s look at why.
Minimum wage laws reduce employment opportunities for the young and the unskilled of any age.
Central banking requires that government bureaucrats act in a way to distort the entire economic system by introducing counterfeit credit into the monetary system in such a way that businessmen are continually fooled into acting in a way that mimics the behavior of businessmen operating in an actual economic boom.
Is it ethical to fire employees who are on a leave?
The real issue is whether Greece’s decades-long experiment with failed debt-financed socialism will be allowed to survive much longer.
One myth driving the irrational policies of central planners is the idea that a depreciating currency is good for a domestic economy.
Obama did not build Staples, nor any other profit-making company offering value to its customers and employees. Yet he’s the one with life-or-death control over all companies. His moralistic tone of “shame” shows how he really believes it.
The gold tax is the key to socialized money. We can never have a free market in money if gold is penalized with a tax every time the dollar loses value.
Central planning creates the kind of inefficiency that brought down the Soviet Union. While Americans shopped in malls full of goods, Russians waited in long lines.
The notion that business should sacrifice its self-interest—profit—to some undefinable “collective good” is ludicrous.
Knowing results alone cannot establish whether there is fairness or justice.
Anyone in the world buys gold when they don’t like the interest rate offered on paper, and especially when they don’t like the rising risks.