Equilibrium is an imaginary construct that should be used only for analytical purposes. Unfortunately, mainstream economists have claimed it should represent a…
Latest Business Update
-
-
Prominent central bankers have given conflicting statements concerning gold. What soaring gold prices might indicate is that the world is now turning…
-
Is minarchism an antidote for the growing statism and socialism infecting our body politic? Think of it as “statism lite.”
-
Thinking clearly about the state requires us to think differently than what is typically believed. The state is not a “necessary evil,”…
-
“Hurwitz went on to say that Holocaust education has begun backfiring, because it has been giving young people the wrong impression that…
-
Crenshaw and other Republicans were on an official visit to Mexico and Crenshaw was “having drinks with a group of Mexican officials.”
-
“Data-dependent” Federal Reserve will be flying blind at its next FOMC mtg on Dec 10. It will be basing its decisions on…
-
Mainstream economics is obsessed with “maximizing” so-called utility functions and discovering the ubiquitous “social utility curve.” In this week’s Friday Philosophy, Dr.…
