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Only modern capitalistic economies created a glorious opportunity for everyone to dress in the attire reserved for the royalty of old. We democratized formality, and there’s no better time to show precisely how this works than during the holiday season.READ MORE
Dictatorships or authoritarian regimes (which also tend to be economically unfree) often put a lot of pressure on their bureaucrats to develop the economy and increase output. Thus are their data positively biased.READ MORE
Imagine for a moment, the following: In an industry with global demand there is one organization that has the following advantages. It has the lowest cost of production for its product, exported and used by every country on the planet, and is part of a publicly recognized and accepted price fixing cartel that can counteract […]READ MORE
Amity R. Shlaes presents “On the Legacy of American economist and former Chair of the US Federal Reserve, Arthur Burns, during the Keynesian Revolution” at the American Institute for Economic Research Annual Meeting of Voting Members 2019. Current Chair of the Federal Reserve, Jerome Powell, famously claimed Marriner S. Eccles “had created a central bank […]READ MORE
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