The “True” Money Supply: A Measure of the Supply of the Medium of Exchange in the U.S. Economy

European Shadow Unemployment Is a Real Problem

There is an undeniable negative trend in European employment and wages that is a direct consequence of constantly increasing intervention in the

Record Low Unemployment Indicates Trouble Ahead

Mark Thornton discusses the history of record low unemployment rates and the business cycle. See "Unemployment Rate" (UNRATE) from the Federal Reserve Bank

Yes, the Minimum Wage Harms the Economy

The imposition of minimum wages harms the economy, although there are nuances in how much harm they cause. It is better not

The New Rules of Engagement

All people of goodwill have an obligation to fight the escalation of politics in American life.  Original Article: "The New Rules of Engagement" This

Producers Should Reject Calls to “Give Back”

All too often we are told that government employment equals selflessness and working for profit constitutes greed. It's time to reassess the

Central Banks Turn to Gold as Losses Mount

The only reason central banks buy gold is to protect their balance sheets from their own monetary destruction programs; they have no