ECONOMICS

Authored by Joshua Mawhorter via The Mises Institute,

Modern monetary theory (MMT) is not convincing to most trained economists of various schools of thought. This causes many to balk at MMT and mock it, some of which is warranted as a reductio ad absurdum, especially given some of MMT’s more outlandish claims. In fact, my own thesis was an Austrian critique of (more…)

Authored by Daniel Lacalle,

I frequently receive comments about the strength of the United States economy and the unfairness of perceiving things as less than stellar. Is it really the “strongest economy ever”?

It’s evident that it’s far from being the “strongest economy ever.”

The United States unemployment rate has risen to 4.1%, the highest in three years, which is also significantly higher than the level seen in 2019. In June, a 70,000 increase in government (more…)

By Allan Stein of The Epoch Times

The big pickup truck went rolling down the dirt road, kicking up dust as Phil Gleason drove past workmen in hardhats and yellow vests digging a well for a new solar-powered home.

Miles away from any strip mall or cookie-cutter subdivision, the off-grid community known as Operation Self-Reliance bloomed with housing construction in the Utah desert.

“Think of all the dependencies when we’re in the cities,” said Mr. Gleason, 74, the (more…)