Cryptocurrency as Money—Store of Value or Medium of Exchange?
Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct?
Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct?
The current bout of inflation is the latest disaster in a string of disasters caused by government debasement of once sound money.
Any political statement made today, by any politician or candidate, can be answered thus: "We don't believe you."
Barack Obama promised to "end child hunger" by 2015. Michelle Obama promised to end childhood obesity. Unfortunately, both increased in large part because of the Obama programs. Today, President Biden will declare war on "hunger in America." Stay tuned.
Recovery is genuine only when it reaches the masses of individuals. And recovery comes only from the actions of individuals acting in a free market.
President Biden's recent student loan forgiveness initiative only exacerbates the real problem: the cost of a college education, thanks to government intervention, is outrageously high.
Standard economic theory states that as an economy grows, the money supply should grow with it. Appealing to the Austrian tradition, Frank Shostak shows that belief is mistaken.
The European elites that imposed disastrous covid-19 restrictions, along with "green energy" regimes and sanctions against Russia are now seeing the results of their policies.
Conservatives have missed the point that it is not students particularly that are at fault for the student loan crises, but the entire bureaucratic economic-political system.
While people from poor countries seek to live in places like the USA because of its stable institutions and welfare state, could migration of people from stable countries to less-developed ones make those countries better off?