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This book provides the intelligent layperson with a concise yet comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States. Although the author considers himself an Austrian school economist, most of

According to the popular narrative, the role of the central bank is to navigate the economy along the so-called path of economic stability. By this way of thinking if various shocks cause the economy to deviate from this path, then it

In one recent thread, Weisenthal mocked the people worried about the falling purchasing power of the US dollar, and claimed that it would be immoral for currency to maintain its value over time. Original Article: "Joe Weisenthal Thinks Debasing the Dollar

The Inca Empire is an excellent example of a Leviathan that brought about its own demise. So oppressive was the regime that it's no wonder the Spaniards found many enemies willing to help topple the empire. Original Article: "The Inca Empire:

America’s growing rural divide is not going away any time soon. Recent gubernatorial elections in Virginia have rekindled talk about an inevitable Republican resurgence during the 2022 midterms. History has repeatedly shown the party outside of the White House making

One of the most commonly derided constructions of classical economic theory is "Crusoe Economics," the analysis of an isolated man face-to-face with nature. And yet, this seemingly "unrealistic" model, as I have tried to demonstrate elsewhere, has highly important and

Not all of America’s young men of the North bought into the federal propaganda. When the federal government was forced to resort to a military draft, many Americans resisted. Original Article: "The Heroic Draft Dodgers of the American Civil War" This Audio

Strategic management theories and entrepreneurship theories have diverged in academia. One perspective can’t recognize the other. Yet the most promising and successful new business approaches demonstrate an agile combination of both sets of theories. Professor Mohammad Keyhani joins Economics For Business

The Biden administration’s decision this week to raise import duties on some Canadian lumber has US trade policy back in the headlines. Since taking office President Biden has moved to end a pair of trade spats with the European Union, while simultaneously leaving

It is clear that there are situations in which the unions’ interests diverge from the public’s interest in transparency and good policing. But the unions’ interests also often diverge from the interests of individual members. Original Article: "Why Don’t Police Unions