Monetary policy is actually putting the hurt on labor. Let’s look at why.
MARKETS
Ruinous ‘Compassion’
Minimum wage laws reduce employment opportunities for the young and the unskilled of any age.
A Parable on The Deception of Central Banking
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.
Business Decisions and The Principle of Justice
Is it ethical to fire employees who are on a leave?
Greek Problems Born from Socialism
The real issue is whether Greece’s decades-long experiment with failed debt-financed socialism will be allowed to survive much longer.
The Myths Underlying Today’s Currency Wars
One myth driving the irrational policies of central planners is the idea that a depreciating currency is good for a domestic economy.
Staples Fails To Defend Itself Against Obama Attack On Moral Terms
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.
A Salvo in the Battle for the Gold Standard
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.
Koch Brothers are Heroes
If the Kochs’ views were the same as George Soros’, I don’t think anti-capitalists would not complain as much.
Spontaneous Order
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 Greater Good” versus Self-Interest for Profit
The notion that business should sacrifice its self-interest—profit—to some undefinable “collective good” is ludicrous.
Fairness and Justice
Knowing results alone cannot establish whether there is fairness or justice.
The Swiss Franc Will Collapse
The coming destruction has nothing to do with the quantity of money. It is a story of what happens when interest rates fall into a black hole.
Three Errors About Business Ethics
There is a moral code that is consistent with long-term profitability of business.
Switzerland Wins As Its Central Bank Surrenders
The situation that forced the Swiss to abandon the peg will soon be faced by bankers of much larger countries in the coming years, the implications of which can have more profound implications for global financial markets.
The Hidden Perils of Low Interest Rates
Investors may continue to benefit for some time from the consistent boosting of financial markets by central banks. However, the longer a major correction or even a crash takes to develop, the more sudden, deep and devastating it may be.
Thomas Sowell’s Basic Economics
“Whether one is a conservative or a radical, a protectionist or a free trader, a cosmopolitan or a nationalist, a churchman or a heathen, it is useful to know the causes and consequences of economic phenomena.”
The Better Option
It’s a lot easier to patronize another business than to get government to fix the problem.
Trust Reputation, Beware of Regulation
Trust — society depends on it.
Hurts So Good: When Exactly Are Falling Prices Bad?
Falling consumer prices are good for the consumer and the economy, but they are bad for central banks looking to maintain asset bubbles and for governments looking for a graceful way to renege on their debts.
Capitalism Brings Prosperity To All
Long-term wealth can only be created by earning it: by trading value for value for win-win outcomes.
A 1920-21 Recovery Myth
The U.S. was able to recover relatively quickly from at least one deep slump despite authorities’ refusal to resort to either fiscal or monetary stimulus.
The Most Common Error in Economic Debates
Have you ever been in an argument about whether we should raise taxes and then someone tosses out a real whopper? “The top tax rate for decades after World War II was over 90% and look how the economy boomed!” Or perhaps you read a Paul Krugman column where he said...
Free Banking and The Dollar
While I’m all for monetary freedom and competition, I’m also for reforming the U.S. dollar, which for me means freeing it from control by discretionary central bankers.
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