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Nicolas Cachanosky

What the Gold Standard Is and Why Government Killed It

This piece originally appeared in Learn Liberty The gold standard is both a strongly advocated and vehemently opposed monetary regime. Both positions, however, usually rely on misconceptions on what the gold standard actually is and why it failed. Below, I will discuss (1) what the gold standard is, (2) what is not, and (3) why […]


Theodore Cangero

Transfer Payments Tend to Discourage Labor Force Participation

The labor force participation rate began a gradual decline after peaking in the spring of 2000. If the decline is to be reversed, we may need to reassess federal transfer payments that exacerbate the ongoing trend. As the dot-com crash and 2001 recession took hold, the rate was nearly 67 percent. During the economic expansion […]


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