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As warning signs of recession grow, the political class will increasingly point to misleading statistics as proof of their competency. The most popular economic aggregate, Gross Domestic Product (GDP), is worth nuancing.
In the aftermath of “Liberation Day,” it’s clear America is suffering from a resurgence of protectionism. As policymakers like Peter Navarro increasingly have the public’s ear, it’s necessary to dispel their fallacious reasoning.
The Austrian School of Economics demonstrates how money can emerge organically from trade and does not require a government to create or manage it. The reality is that, once governments grow large enough, they seek out control of money to further fund and finance their nefarious ends.
As Trump’s crypto and sovereign wealth reserves gain momentum, free-marketers should recall that such measures, while perhaps a temporary improvement, are not the key to a healthy economy. If Trump wants to fix the economy, he should focus on fixing the debt and hardening our money.
For better or worse, Elon Musk has taken a liking to old Milton Friedman videos. On the good side, Musk has embraced Friedman’s distrust of government and money printing. Friedman, however, was no Rothbard regarding the consistent application of ethical and economic principles to the actions of the state. Despite Friedman’s compromises and error-ridden macroeconomic theorizing, there’s […]
Inflationist politicians would have their citizens believe fiat money is at worst a necessary evil and at best a monetary system free from the volatility of the business cycle. Yet, if one simply follows the history of American monetary policy, it’s obvious that fiat money is the result of diabolical political temptations.
When analyzing the errors of policymakers, politicians, and pundits, it’s useful to trace their misunderstandings to the source– debunked and fallacious economic theories, such as Keynesianism and Protectionism. The antidote to these mistakes is sound theory– such as that espoused by the Austrian School of Economics– that correctly understands money, entrepreneurship, and the nature of […]
Jerome Powell recently told reporters that Bitcoin is “like gold—only digital.”
President-elect Trump’s proposed “Department of Government Efficiency” continues to both enrage big government leftists and excite conservatives and libertarians. While there is certainly great merit in shrinking the size and scope of the state, it’s worth remembering that government– by its very nature– cannot be “efficient.” The following article was originally published by the Mises […]
In post-election America, tariffs still occupy much of the policy debate surrounding the incoming Trump administration. With leftists arguing in bad faith on one side of the issue and economic populists on the other, we can turn to the Austrian school of economics to understand the tradeoffs at play with protectionism. The following article was […]
Last week, Peter participated in a Zerohedge debate moderated by Keith Knight (who also interviewed Peter recently). He faced off against Bitcoin advocate Robert Breedlove on his show, “What is Money?” Peter and Robert discuss the future use cases of Bitcoin and gold, the philosophy and economics behind money, and what it would take for […]
