Power & Market

Thomas Piketty thinks we aren't moving toward equality fast enough

By popular thinking, the key driver of economic growth is increases in the total demand for goods and services.

They can start with as little as a rumor; whether fact or fiction, some new information emerges that spooks depositors or investors, or otherwise c

Could a $1 trillion platinum coin be the answer to our problems?

What asset price bubbles are is fairly uncontroversial, even if a fast and hard definition is elusive.

When it comes to economic growth, knowledge and information are not the key factors. Rather, capital accumulation, low time preference, and entrepreneurship make the difference. 

For as long as I can remember, my family and I have greeted men and women in military uniform with a “Thank you for your service.” Like many other

Imagine living in a country where the annual price increase of food is 30% a year.

Government economic policy is completely backwards.

Government officials at all levels—federal, state, and local—feel impelled to adopt some sort of pandemic policy, from outright lockdowns to mandat