How the Bankers Outfoxed the Politicians

When the bankers called for a central bank in the US, they claimed to only want a way to stop bank runs.

The Perils of Lawfare

One sign of a fraying society is that its laws increasingly become political tools. The latest round involves Democrats trying to use

Does the Central Bank Determine Interest Rates?

A common belief among economists is that the central bank determines what interest rates should be. But is that accurate? Indeed, there

The Manifestation of Economic Laws Across Societies and Epochs

Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless