The Federal Reserve’s monetary and regulatory policies were major contributors to the 2007-2009 Great Recession.
MARKETS
Defending The Innovative Uber Against The Predatory Government
No matter what the management troubles at Uber, it must be defended against any government tax grab or regulation potentially suffocating the company.
The Socialist Fallacy That Capitalism Creates Harmful Monopolies
The narrative of ‘the monopolist jacking up prices to exploit its customers’ only applies to government-granted monopolies, such as the postal service or many utilities.
Trump’s Anti-Capitalist Economic Trade Policies
Economic warfare threatens a downward spiral with reduced trade among nations, and declining standards of living from following this wealth-destroying path.
The Consumer Price Index: A False Indicator of Our Individual Costs-of-Living
A false guide for central bank monetary policy.
Government Regulations Protect Bad Banks From Competition
The best way to spur ethical conduct by banks—trading value for value with their customers—is to deregulate banking.
How the Fed’s Monetary Policies Caused the Great Recession
John Allison's testimony before the Subcommittee on Monetary Policy and Trade, Committee on Financial Services, United States House of Representatives on March 16, 2017. Chairman Barr, ranking Member Moore, and members of the committee, thank you for inviting me to...
Trumpcare: Different Plan, Same Problems
With his widely followed, and positively reviewed, address to Congress last week, President Trump showed how easy it could be to unite Washington around a big-budget centrist agenda on health care, immigration, taxes, infrastructure and the military. But the continued...
Laissez-Faire Capitalism Is The Political-Economic Foundation of Innovation
The only thing governments can do to facilitate innovation is to stay away from markets and allow companies compete and trade freely.
Economic Ideas: Karl Marx’s Misconceptions about Man and Markets
Though it may seem strange, Karl Marx was not always a communist. As late as 1842, when Marx was in his mid-20s, he actually said he opposed any attempt to establish a communist system. In October 1842, he became editor of the Rheinische Zeitung [the Rhineland Times],...
A Monetary Policy Primer, Part 9: Monetary Control, Today
Instead of endeavoring to influence a market-determined federal funds rate by reducing or increasing the supply of bank reserves, the Fed now adjusts a pair of rates determined solely by its own administrative decrees, while conducting open-market operations without any particular reference to these rate adjustments.
A Monetary Policy Primer, Part 8: Money in the Latest Great Muddle
A stable inflation rate is no guarantee of overall economic stability.
Britain Needs Trump for Smooth Brexit
At the Washington joint press conference with Prime Minister May held on January 27th, President Trump told the watching world, “Brexit is going to be a wonderful thing.” The meeting did much to clear the way for Britain to stand alone and enter trade with the United...
Businesspeople are Producers, not Predators
Businesspeople who produce material values are not the same as crooks who prey on gullible investors or customers or both, and produce nothing.
James Mill, David Ricardo and the Triumph of Free Trade
The nineteenth century victory of free trade over Mercantilism and Protectionism represented one of the great triumphs in the history of classical liberalism.
What Does It Take to “Make America Great Again”?
Preferring American-made products to those made in China or Mexico just because they were made in America, does not enhance American prosperity.
Italy’s Bank Rescue Foreshadows Nationalization of More EU Banks
On December 7, 2016, Italy’s Prime Minister Matteo Renzi resigned following defeat in a national referendum, that he had supported, that would have changed the country’s parliamentary system. The development, which represents just the latest sign of anti-EU sentiment...
David Ricardo on Wealth, Inflation, and Freedom (Economic Ideas)
David Ricardo (1772-1823) was one of the most influential economic theorists of the first half of the nineteenth century.
Flourishing Business Needs Free Markets
iPhones would never have been created in a centrally planned economy where the government regulates the prices, from CEO pay to those of products.
Thomas Malthus on Population, Passions, Property and Politics (Economic Ideas)
This escape from poverty originated in Western Europe in the eighteenth and nineteenth centuries with the coming of the Industrial Revolution and the freeing of men and markets from the heavy-handed regulations and commercial restrictions of government.
Has the Fed been Holding Down Interest Rates?
Free banking money guru George Selgin opines.
Bush Trumps Reagan: Trump’s Parallels To Bush Over Reagan Are Striking
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.
Bush Trumps Reagan
The optimism that has followed the election of Donald Trump has pushed the Dow Jones Industrial Average to the threshold of 20,000, a level that will be both a nominal record and a symbolic milestone. Although this is not the way most observers had predicted that 2016...
Government “Free” Trade Deals Don’t Promote Freedom
Truly free trade can only take place in free markets, not in the prevailing mixed economies where governments pick favored trading partners
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