Economic Policy

Is Elon Musk’s DOGE taxpayer dividend proposal inflationary, or is it simply returning savings from government spending cuts?

For more than a century, the Federal Reserve has slowly but surely destroyed this nation‘s once-sound monetary system. As inflation once again undermines our economy, the Fed reacts by making things even worse.

Americans are far more satisfied with the way things are going in their own life than with the US in general.

Jamaica is emerging as a rising economic power in Latin America and the Caribbean, widely regarded as an International Monetary Fund (IMF) success story.

No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing, praxeologically speaking. Instead, it clouds our understanding of how money fits into our economy. 

Elon Musk‘s latest comments on money make the same errors as we saw with Milton Friedman and the Monetarists. If Musk really wants to understand money, he needs to read Murray Rothbard and Ludwig von Mises.

Third World economies rarely operate on trust, which inhibits capital development and other important ingredients for economic growth. Is that a case of personal morality or do the monetary systems play a role?

Given these realities of state power and economic intervention, the only reasonable position for those who cherish freedom and prosperity is the radical one: a pure market economy.

Thanks to the Fed's balance sheet and the Fed's policy on reverse repurchase agreements, it's hard to tell whether the Fed is being hawkish or dovish. 

President-elect Donald Trump has declared that he will raise tariffs his first day in office. Our economy, however, does not need government-created roadblocks to trade. Instead, we need free exchange and sound money.