On Secession and Small States

The Fed’s Real Mandate

The Federal Reserve has a legal dual mandate to minimize unemployment and price inflation. The current “dual” between the two mandates is

Mises and Imaginary Constructions

Is praxeology inconsistent? Praxeologists criticize neoclassical economists for using false assumptions in their models. For example, neoclassicals acknowledge that the conditions for

Julian Assange and Our Impunity Democracy

On Saturday, protests supporting Julian Assange will occur around the world. In London, Assange supporters will link arms around the parliament building.

The Velocity of Money Circulation Is Another Economic Myth

For most economists the velocity of money circulation is an important factor in determining the prices of goods and services. If, for

A Cliché of Socialism: Under Public Ownership, We the People Own it!

Foundation for Economic Education founder and cornerstone Leonard Read always had an ear out for widely accepted but misleading clichés that served