Today in the New York Times Paul Krugman calls for “an all-out effort by the Federal Reserve to get the economy moving, with the deliberate goal of generating higher inflation to help alleviate debt problems.” The destruction of the US monetary order is too slow for him. Thanks to scholars who many decades ago preached the same nonsense, Argentina, my native country, went from being an economic miracle, to an economic basket case. Its increased poverty, high levels of corruption, weak rule of law, and a political system dominated by fascists (corporativists) from the left or from the right might be a good example for Krugman but not for me.
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Dedollarization: Causes, Constraints, and Consequences
This paper traces the historical ascent of the dollar, explains the institutional foundations of its current supremacy, and surveys the growing landscape of dedollarization initiatives.
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Economist and Revolutionary – Adam Smith and 1776
Samuel Gregg examines Adam Smith’s analysis of the economic drivers behind the American Revolution. He highlights Smith’s revolutionary solutions for resolving the conflict and concludes by applying these enduring insights to contemporary global issues.
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Permission to Earn a Living: History, Economics, and the Ethics of Occupational Licensing
Where occupational licensing exceeds genuine public safety needs, it substitutes centralized judgment and political privilege for the preferences of consumers and workers.
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Ending the Era of Energy Favoritism: How Technology-Neutral Policy Can Unlock the US Power Grid
The US energy system should shift from a hodgepodge of politically favored technologies toward a market-driven portfolio that is cleaner, more reliable, and increasingly affordable.
