Economics
Leo XIV and Rerum Novarum
Upon his elevation, the new pope announced that he had assumed the name of Leo XIV. For those familiar with Leo XIII, this was a signal that the principles of Leo XIII as expressed in [more…]
Richard Cantillon
Economics
Secret Message in Cantillon’s Essai
Murry Rothbard’s chapter, The Celebrated Adam Smith, in his Economic Thought before Adam Smith begins: Adam Smith … is a mystery in a puzzle wrapped in an enigma. The mystery is the enormous and unprecedented [more…]
Economics
The Cantillon Effect…. Or how printing money entrenches wealth and power at the expense of everyone else……..
It’s one of those wonderful explanatory ideas that is obscure in that very few people know what it is but outlandishly obvious and essentially undeniable once you hear it. When you’re going to print money [more…]
Economics
Cantillon effect: Who’s paying the highest price?
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…]