Capital versus Labor: The Great Decoupling
This article explores the concept of the Great Decoupling, or the supposed discrepancy between increased labor productivity and higher worker wages. Prior to 1970, increases in labor productivity translated into wage increases, just as economic theory dictates. However, it appears that
Mark Romera’s Globally Orchestrated Entrepreneurial Design Journey
Entrepreneurship-as-design is brought to life in a wonderful conversation with Mark Romera, who conceived, designed and brought to market a values-driven vision of kids having fun playing in their backyards, via an impeccably crafted brand named Spimbey. Key Takeaways and Actionable
FDR Wasn’t the Only One Who Declared War on Gold to Save Paper Money
Desperate times call for desperate measures. Or tyrannical men do tyrannical things when it comes to propping up paper money whose value is circling the drain. The Financial Times headline screams, “Turkey to Target ‘Under the Mattress’ Gold in Effort to Bolster
The Case for Radical Idealism
Every "radical" creed has been subjected to the charge of being "utopian," and the libertarian movement is no exception. Some libertarians themselves maintain that we should not frighten people off by being "too radical," and that therefore the full libertarian
The Steep Cost of Sanctions for Europe and Russia
The escalation of tension in Ukraine has reminded us of something many investors seemed to have forgotten: geopolitical risk. Sanctions and the inevitable drop in trade have proven to generate a significant negative impact on the different economies involved. We
Will Inflation Turn into Stagflation?
Will inflation turn into stagflation? With inflation hitting 40-year highs, it’s the question of the hour. Currently, Wall Street and the Fed are saying no, forecasting a respectable 3.7% real for 2022, 2.7% for 2023, and 2.3% for 2024. These aren’t epic prints,
The Rules By Which We Live
Classical liberals and libertarians, especially those who admire the works of the famous legal theorists and economist F.A. Hayek, are fond of pointing out that a free society requires the rule of law. Others, critical of this political tradition, note, however,
Is NATO a Dead Man Walking?
While geopolitical commentators are fixated on Russia’s border with Ukraine, a more interesting development is slowly boiling underneath the surface of the Russo-Ukrainian conflict that could potentially reorder international relations—namely, the death of the North Atlantic Treaty Organization (NATO). Founded in
The European Central Bank Is Trapped Like the Fed
The eurozone’s annual price inflation rate hit 5 percent in December 2021 and (as of this writing) the consensus is for 5.1 percent in January 2022. Eurozone industrial producer prices were up 26.2 percent in 2021. This has been pressuring the
Why the Business Cycle Happens
The student of economics is invariably taught a certain mythology about the history of the study of business cycles. That mythology holds (a) that before 1913, nobody realized that there are cycles of prosperity and depression in the economy—instead, everyone