“With the recent financial crisis macroeconomic issues are receiving more and more attention. Inflation is one of those issues. Many claim inflation to be the cause of the crisis; which has even given the Austrian business cycle theory attention from the media. The theory states that an increase in the money supply causes a false appearance of savings and thus investment. This leads to mal-investment in certain industries, in the recent crisis it would be the housing market, eventually popping the bubble leading to a recession while the market reallocates resources to their truly valued ends.” Read more.
"Power, by which I mean political power, is always zero-sum: if the intellectual elite has… Read More
"The Biden administration threatens to invoke Section 4 of the Fourteenth Amendment to sidestep the… Read More
"There are so many holes in the FTC and Sony’s opposition to the Microsoft-Activision merger… Read More
"A wide range of outcomes are still possible for 2023, ranging from stagflation to a… Read More
"The real 'capitalist achievement,' however, isn’t Graceland. It’s the fact that compared to the stuff… Read More
"The unseen cause of gentrification is the knee-jerk NIMBYism of affluent leftist neighborhood associations. And… Read More
"Politicians on the left would like us to believe inflation is caused by greedy corporations.… Read More
"As 'dark horse' candidate, Ramaswamy has a greater burden of proof before the electorate.… Read More
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