Real Savings and Lending: What Is the Relationship?
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
Political and academic elites have successfully convinced the public that they should fear private enterprise. However, people really should fear an out-of-control government.
Political and academic elites have successfully convinced the public that they should fear private enterprise. However, people really should fear an out-of-control government.
Despite statements from Biden and other progressives, profits in a market economy are not a form of plunder. Instead, they represent entrepreneurial gains that mostly benefit consumers.
According to a recent 60 Minutes broadcast, Russian agents are suspected of launching microwave rays at US diplomats abroad. The problem is that many of these stories are technologically implausible. Maybe skepticism is in order here.
Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.
Bolivia has been mired in poverty, hyperinflation, and state control of the economy for generations. It is time for a change, and the Alasitas Fair is leading the way.
Will the commercial real estate market become a casualty of the Federal Reserve's tsunamic monetary and interest rate policy?
The decades of American and European intervention in Africa are coming to an end, and things are even worse for American interests there. Perhaps overthrowing governments and trying to dictate political outcomes wasn’t a good idea.
What are property rights and how do we define them? The late Butler Schaffer argued that they come from natural rights and our “will to own.”