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Categories Politics

Yes, the US Government Has Defaulted Before

Author February 21, 2023

While the 1979 default was relatively small, the 1934 default affected millions of Americans who had bought Liberty Bonds mistakenly thinking the

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Categories Politics

Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions

Author February 21, 2023

Advocates of Keynesian economics believe the Federal Reserve should pursue policies that will prevent the possible decline of the economy into a

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Categories Politics

Lifting the Debt Ceiling Is Not a Social Policy

Author February 20, 2023

Every time the United States reaches its debt limit, we read that it is important to reach an agreement to lift it. The

Categories Politics

Does Government Create a “Level Playing Field” or Does It Make the Field More Uneven?

Author February 20, 2023

Anticapitalist politicians claim intervention can "level the playing field," but when we look closely, we realize that government itself creates the imbalances. Original

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Categories Politics

Bipartisan Comprehensive Excuses for Extortion and Evasion

Author February 20, 2023

After the recent midterm election, when it became apparent that Americans would have a divided new Congress, it wasn’t long before the

Categories Politics

How Markets Are Better than Government Regulators at Fighting Corporate Corruption

Author February 20, 2023

Can private markets only be regulated by government? Hindenburg Research's successes against corporate corruption suggest otherwise. Original Article: "How Markets Are Better than Government Regulators

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Categories Politics

Poor People in Developing Countries Find Alternatives to Commercial Banking

Author February 20, 2023

Banking is a complicated process for working-class people who fail to comply with anti–money laundering regulations. Know your customer (KYC) requirements mandate prospective clients

Categories Politics

Subsidizing Higher Education Is Not Creating Widespread External Benefits

Author February 19, 2023

Contrary to the claim that taxpayer subsidies for higher education provide great social benefits, these subsidies actually are a wealth transfer from

Categories Politics

The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments

Author February 18, 2023

Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but. Original Article: "The Fed’s Portfolio Is Nonexistent:

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Categories Politics

Why Madison and Hamilton Were Wrong about Republics

Author February 18, 2023

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