Over the years, my essays have charted the government’s descent from an ignorance of economic principles, all the way to sheer insanity. And there can be no reprieve while the public mind festers in the [more…]
The chief role of government is to enact laws that protect the lives and civil freedoms of its citizens. Any “add-ons” warrant the most careful scrutiny before being admitted to the nation’s laws. However, even [more…]
Much onerous and harmful government regulation can be prevented by application of well-known and well-understood principles of logic. I will use the recent regulations placed upon Americans in response to the so-called pandemic. I refer [more…]
President Ronald Reagan said the nine most terrifying words in the English language are: “I’m from the government and I’m here to help”. We wonder whether he appreciated their full truth. The role of government [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…]
Unsound money, unsound society Of course, one of the most important and consequential parts of the incredibly complex organism that is the economy is money itself. It is its lifeblood and as the song goes, “it [more…]
Almost two decades ago, German economist Horst Siebert coined the term the “Cobra effect” to describe the real-world consequences of “well-intentioned” government interventions that go awry and produce the exact opposite results from what they aim for. [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…]
There are many good recommendations promoted by Austrian school economists for improving the economy. Although we enjoy successes periodically, most–such as deregulating trucking and airline pricing–involve eliminating previous government interventions. These successes are to be [more…]
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