It wouldn’t be an exaggeration to argue that private property rights, as understood by classic liberal thinkers, by those who embrace Austrian economic theory and by all member of an enlightened society, are not only [more…]
A paradox is an apparent absurdity or contradiction that, on close investigation, is found to be true. What’s happening in government right now is hardly paradoxical – it certainly appears to be both absurd and [more…]
After months of consumer price increases and after countless working households found themselves in dire financial straits struggling to make ends meet, in the late May, President Biden finally revealed his grand plan to fight [more…]
This proverb spells out the link between waste and impoverishment. Economic Perspectives 112 highlighted the inevitability of massive waste of public money when government expenditure is not susceptible to economic calculation. ”Would I sanction this [more…]
Every time we hear government officials announce their big spending plans, their new welfare programs and their ambitious “job creating” schemes, they always present them as being in defense of the poorest and the most marginalized [more…]
I have written on the subject of currency debasement many times, but it is now reaching crunch-time – even for the pound, dollar, yen and euro. Most respected economists persist in defining inflation as a [more…]
With prices increasing rapidly across a wide range of materials, goods and products, especially basics like foodstuffs and energy, it is astonishing that what citizens now encounter every day is so persistently, and perversely, denied [more…]
I wrote a few notes on Warble Gloaming recently, and with the gloomfest that is COP26 looming I thought it might be time to revisit them. Here’s the third, where I try to list the [more…]
After months of outright denials and fiery persistence that inflation is not a problem and never will be, central bankers in the US, the EU and other advanced economies are now being forced to face [more…]
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