Ninety years ago, on November 15, 1923, the Great German Inflation came to an end when the monetary printing presses were finally shut down, and the economic havoc came to an end. Its lessons are worth remembering.
The release of a supplemental poverty measure by the Census Bureau is being touted as the government is not doing enough to ameliorate poverty in the country… But the real problem is that the government is already doing too much.
It’s hard to be a “public interest” group when private interests better serve the public. Free Press, which effectively defines the “public interest” as being against private interests in media, communications[...]
The biggest fallacy regarding Social Security is that it would be easier politically to cut Social Security benefits rather than to fundamentally reform the way the program works, so as[...]
Auditing the Fed, replacing Fed monetary policy discretion with a mandatory price rule governing policy, even the gold standard, Nobel Laureate Friedreich Hayek pushed the envelope beyond all of these.[...]
John Williams runs the Shadowstats.com Web site, which calculates inflation, gross domestic product, and other economic indicators by measuring them the way the government would have done decades ago. He[...]
This is rich. Federal Reserve Chairman Ben Bernanke this week announced Operation Twist, a program to pour hundreds of billions of dollars of Fed money into long-term debt to drive[...]
In today’s New York Times there is an editorial that takes the supposed masters of money at the Federal Reserve to task for their timidity. It’s an almost boundlessly stupid[...]
Something I never thought I would ever see in my former hometown, a wealthy New Jersey suburb of New York City, was a Dollar Store, but one opened recently in[...]
Some folks at The Heartland Institute’s home office thought my little email exchange about Keynesian vs. Austrian economics, the Federal Reserve, etc., with Dick Ewing of Winthrop, Wash., worth publishing[...]
Reactions to recent events by astronaut, former U.S. Senator from New Mexico and Heartland Institute board member Harrison Schmitt (cross-posted at Schmitt’s personal blog, America’s Uncommon Sense): Debt Limit The fiscal house[...]