Monetarists have long believed that the Fed should pursue policies of low inflation in order to counter the effects of lower prices through enhanced productivity. Thus, they reason, overall prices will remain stable. Such policies actually promote economic instability.
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Monetarists have long believed that the Fed should pursue policies of low inflation in order to counter the effects of lower prices through enhanced productivity. Thus, they reason, overall prices will remain stable. Such policies actually promote economic instability.
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Israel is a nuclear armed state! Some claim it has 90-400 nuclear warheads and has not signed the Treaty on the Non-Proliferation of Nuclear Weapons (NPT).
Bob Murphy and David Howden explore essays honoring Joe Salerno, revealing how a new generation of Austrian economists is shaping the future of economic thought.
Has anyone besides Murray Rothbard made a compelling case for state-free anarchy? In this week‘s Friday Philosophy, Dr. David Gordon extols Libertarian Anarchy by Gerard Casey, which he says provides excellent arguments for doing away with the state.
Modern historians depend heavily upon sweeping narratives and their take on the US War of Secession is no exception. Yet, the use of methodological individualism allows one to avoid sweeping judgments like claiming the Confederacy was founded upon belief in white supremacy.
Governments have so corrupted money that we forget that sound money, by providing both fungibility and privacy, has been a defense against overreaching governments. While sound money is in the interests of citizens, governments have managed to destroy it.
Governments have so corrupted money that we forget that sound money, by providing both fungibility and privacy, has been a defense against overreaching governments. While sound money is in the interests of citizens, governments have managed to destroy it.
Modern historians depend heavily upon sweeping narratives and their take on the US War of Secession is no exception. Yet, the use of methodological individualism allows one to avoid sweeping judgments like claiming the Confederacy was founded upon belief in white supremacy.