Has the Fed been Holding Down Interest Rates?
Free banking money guru George Selgin opines.
Free banking money guru George Selgin opines.
The nightmare scenario is that once again tax cuts and deregulation take the blame, allowing Bernie Sanders or a socialist candidate to ride another populist wave, only this one headed far left, into the White House of 2020.
Deregulate the taxi industry.
The environmentalist and other activist leaders concentrate on reversing human progress and diminishing human well-being as much as possible.
Truly free trade can only take place in free markets, not in the prevailing mixed economies where governments pick favored trading partners
Adam Smith’s central contribution to economic understanding was surely his demonstration that under an institutional arrangement of individual liberty, property rights, and voluntary exchange the self-interested conduct of market participants could be shown to be consistent with a general betterment of the human condition.
Those countries that embrace free trade with new technologies stand to reap great rewards. Those who do not, and revert to trade protectionism, could experience economic recession and monetary adversity accompanied by serious social and financial upheaval.
The war on cash is a sign that central banks may see a dangerously deteriorating situation, one that has led to a feeling of desperation by governments and a wish to control the wealth of citizens.