Don't Forget about Food!

Wednesday, the 16th of June 2021

My father was born in 1922, in Germany. As many people know, hyper-inflation in Germany...

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How Inflation Plays Out

Tuesday, the 2nd of March 2021

The problem with inflation is that it has a number of mal-effects on the economy and society in general. The following is...

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Is it Unpatriotic to Avoid the Coming Price Inflation?

Sunday, the 21st of February 2021

Some people believe it is patriotic to deprive a wasteful government of the capital that is being seized and squandered by it.  Fortunately...

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Earning a Profit, or Not?

Thursday, the 18th of February 2021

Earning a profit is important for five reasons...

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Unequal Treatment under the Law

Tuesday, the 16th of February 2021

Government is an instrument of force. Its laws, rules, and regulations are enforceable with police power and military might. This force is necessary to...

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The Confusion about Inflation

Wednesday, the 20th of January 2021

I recently read an article in which the author defined inflation as a “sustained increase in the price of goods and services.” While this definition is quite common, it is not accurate. Inflation is the increase in the supply of money and credit, pure and simple. This may lead to rising prices of goods and services (price inflation), but to say that the rising prices are inflation confuses the cause and effect of the rising prices. This is important because...

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The Return of Capitalism

Sunday, the 17th of January 2021

The United States already has socialism to a large extent. That's not to say that it couldn't get much worse. It could. And it just has. Let me explain.

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How Free Things Can Destroy Incentives

Sunday, the 20th of December 2020

When food aid was sent to Haiti after it suffered a devastating earthquake in January 2010...

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What Would Happen if the U.S. government were to Abolish the Federal Income Tax?

Monday, the 2nd of November 2020

Obviously, the Federal Government would bring in approximately $3.7 trillion fewer dollars...

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What Has Government Done to Our Money?

Thursday, the 17th of September 2020

Starting in 1793, shortly after the Continental Dollar was printed into oblivion, the United States minted copper coins, followed by silver (1794) and gold (1795) coins. The government had learned its lesson...

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A Graphic Demise of the U.S. dollar

Tuesday, the 11th of August 2020

Back in the 1970s when I was in college, the United States was experiencing price inflation and as an economics major, we studied money and inflation. In fact, my dad even wrote a book...

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The Price of Free

Thursday, the 21st of May 2020

Both political parties are trying to bribe voters with “free” things. There’s...

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The Problems with Bernie

Sunday, the 22nd of March 2020

Bernie Sanders has 3 primary ideas he’s promoting in his 2020 presidential campaign...

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The Problems with Socialism

Thursday, the 5th of March 2020

The first problem with socialism is that it means different things to different people. For some people...

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Why Have Living Standards Declined in the United States?

Tuesday, the 16th of July 2019

The simple and short answer is...

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The Free Market is Failing Us?

Saturday, the 2nd of February 2019

You’ve got to be kidding! We...

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Why I'm So Down on Government

Monday, the 11th of June 2018

Some people ask me, “Why are you so down on government?” The answer is...

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The World's Greatest Economic Experiment? Or More of the Same?

Monday, the 12th of March 2018

Some people call the U.S. Fed’s monetary policies in recent years “the world’s greatest economic experiment.” But an experiment is usually a course of action the results of which are not known in advance.

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Trade Wars Coming Up

Monday, the 5th of February 2018

I recently read an article about the burgeoning trade war between the United States and China with the introduction of tariffs on solar panels and washing machines. The author made several points...

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Bitcoin: Fad, New Monetary Order, or Something in Between?

Sunday, the 31st of December 2017

Bitcoin has been in the news a lot lately, sometimes for its wild multi-thousand dollar price swings and sometimes because someone holding an important position with a government or major corporation has spoken out about it. Why is it such a controversial topic?

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Tax Reform

Thursday, the 30th of November 2017

Have you ever wondered how we got to the point where we need tax reform?

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What Happens When Governments Manipulate the Markets?

Friday, the 27th of October 2017

In today’s world, where market information serves not only as a signal to buy or to sell, but also as an overall indicator of economic health and direction, accurate information is more important than ever. Of course, that hasn’t stopped almost every country in the world from meddling in the calculation of indicators and the economic affairs of its citizens.

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