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Politics

Can silver be called a Giffen Good? Probably not, although that fact doesn’t discourage some from looking for the equivalent of a unicorn in...

Politics

Under Knightian uncertainty, how do entrepreneurs persuade others to join their projects?

Politics

Are rising oil prices responsible for inflation? While some economists and many in the media make that connection, the reality is much different. Inflation...

Politics

The country that is losing generally does not reject ceasefire proposals. Meanwhile, Iran demands an end to the Israeli war on civilians in Lebanon,...

Politics

Economists consider probability to be central to economic analysis, but, as Ludwig von Mises wrote, economic action involves unique and purposeful events, not random...

Politics

The rise of the state led to the rise of credentialism, however, credentialism neither guarantees competence nor quality.

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