ECONOMICS

Authored by Jonathan Newman via The Mises Institute,

In Paul Krugman’s latest column, he claims that Kamala Harris hasn’t advocated for price controls, only a ban on price gouging on groceries.

Of course, these are the same thing.

Krugman’s own principles text defines price controls as “legal restrictions on how high or low a market price may go.”

A ban on price gouging is a legal restriction on how high a market price may go.

Therefore, even (more…)

Authored by John Robson via The Epoch Times (emphasis ours),

A friend’s mother was fond of saying there’s no good way to do a bad thing, and no bad time to do a good one. It’s true of public policy as of life generally, which is why both the public and politicians should talk more about principles and less about motives or tactics. And just as I was wrestling with applying this maxim to the current fiscal mess, someone Xed the classic Milton Friedman line to “Keep your eye on (more…)

Authored by Tumoas Malinen via substack,

Something that has been a particular interest of mine is the Great Depression of the 1930s. It continues to be the deepest global economic malaise of modern times, which preceded the most destructive war in human history. The extreme nature of the economic contraction has intrigued me, in addition to the path that led to it. The latter mostly because of the role of the newly created central bank, the Federal Reserve, in it.

I’ve written (more…)