Tariffs Mean Lost Jobs
The goalposts are continually changing (more like fallacy-hopping), but one would-be goal of tariffs needs to be confronted—tariffs for domestic job protection.
Unemployment
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Tariffs, Capital Heterogeneity, and the Real Costs of Intervention: The Aluminum Example
Tariff supporters claim that implementing tariffs will result in new jobs at home. What they fail to point out is that many people depend upon imports for work. The tariffs on Canadian aluminum imports are a case in point.
The Last Metaphysical Right
David Gordon revisits Richard Weaver‘s 1948 classic Ideas Have Consequences and finds that this volume has much to tell us today. This review takes us through Weaver‘s views on property rights and the welfare state, and he found the latter wanting.
Wall Street Prospers While Main Street Suffers
GDP is a ridiculous way to gauge the strength of the economy. While prices on Wall Street remain robust, trouble lurks on Main Street.
China on the Edge of Recession
The last time China hit a recession, in 2008, Beijing dumped massive stimulus into the economy. This time, China's debt — over $50 trillion — has grown to the point it can't afford it.
Is GDP an Accurate Measure of Reality?
Mainstream economists speak of GDP as though it is the economy itself, however, GDP is not a good measure of economic reality. Instead, it presents a distorted picture of genuine economic activity and leads to mistaken conclusions about the economy.
Is GDP an Accurate Measure of Reality?
Mainstream economists speak of GDP as though it is the economy itself, however, GDP is not a good measure of economic reality. Instead, it presents a distorted picture of genuine economic activity and leads to mistaken conclusions about the economy.
America Now Has Fewer Employed Workers than It Did a Year Ago
The total number of employed persons has fallen by 66,000 since August of 2023. Moreover, the new job growth is almost all in part-time jobs.
What Causes Stagflation?
Keynesian economists have no good explanation for stagflation, rising rates of both inflation and unemployment. However, the Austrian School has long pointed out that sustained inflation has a predictable pattern that leads ultimately to stagflation.
The Consequences of California’s New Minimum Wage Law
Supporters of the new California minimum wage law for fast-food restaurants claim it will bolster economic opportunity for lower-income people. It actually will be a wealth transfer from the poor to the rich.
