Tag Archives: newsletter

Many people believe that the board game Monopoly, developed during the Great Depression, mimics a real-world capitalist economy. Monopoly is a game, not real life. Original Article: "Is the Monopoly Board Game Like Real Markets?" [embedded content] Tags: Featured,newsletter

It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a “dismal science.” But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance. —Murray Rothbard, “The Death Wish of the Anarcho-Communists” The Austrian school of economics stands as a beacon, illuminating the path to economic understanding through a perspective...

Young people often get their first jobs in fast food or in some sort of retail customer service. Young and not so young adults are aware that fast food jobs will equip them with the skills needed to acquire future employment. Some choose to make a career in fast food, while for others it is a means of developing skills and earning money to satisfy their needs and wants. In the past, people could easily find employment making burgers and French fries, but soon enough...

Can a government regulatory system be reformed? In a word, no. The free market is always the best regulator of quality and safety. Original Article: "Regulation in the Free Market: It’s Not What Most People Believe" [embedded content] Tags: Featured,newsletter

When I was at the university, I once objected to a classmate’s lazy use of “public goods.” He had used it to favor his policy position, as a shorthand synonym of what’s good for society—only a thinly veiled euphemism for what I want to happen. “Public goods are things that are nonrivalrous and nonexcludable,” I said, almost sputtering off a nearby economics textbook. “The ones you’re talking about are neither.” He rolled his eyes in boredom. “Yes, yes, but that’s not...

Overview: The Bank of Japan Governor Ueda hinted the world's third-largest economy may exit negative interest rates before the end of the year. This sparked the strongest gain in the yen in a couple of months and lifted the 10-year yield to nearly 0.70%. In an uncoordinated fashion, Chinese officials stepped their rhetoric and indicated that corporate orders to sell $50 mln or more will need authorization. This helped arrest the yuan's slide. The Australian dollar...

Despite what many elites believe, AI can do many things, but it cannot successfully plan an economy. It lacks the intelligence of an entrepreneur. Original Article: "AI Lacks the Entrepreneurial Intelligence to Plan an Economy" [embedded content] Tags: Featured,newsletter

While progressives blame climate change for the deadly Lahaina fire, government created the conditions for the blaze and then helped set it. Original Article: "Thanks to Government, Maui's Lahaina Fire Became a Deadly Conflagration" [embedded content] Tags: Featured,newsletter

Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected. Original Article: "Inflation Is a Giant "Skim" on the American People" [embedded content] Tags: Featured,newsletter

The diverging economic performance between the US and Europe, Japan, and China on the other hand is stark. Yet, a greater divergence may be between widespread discussion of de-dollarization and its incredible strength in the foreign exchange market. The eight-week rally in the Dollar Index is the longest in nine years. According to SWIFT, which is not comprehensive but remains by far the largest platform, the dollar's role in international payments (46% in July) is...