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If prices are instrumental in providing needed information to market participants, then inflation can be seen as introducing static into the system, creating more...
The word “democracy” is almost sacrosanct in modern society, yet what advocates call “our democracy” is not what it claims to be. Real democracy...
It is important to note that states and what we know as taxes gradually emerged through war, conquest, plunder, and tribute. While the organization...
Whenever there is an economic problem, politicians in knee-jerk response blame private monopolies. The problem isn’t monopolies; the problem is government.
Economics has its own four-letter words. Although they are not obscene, socialists and statists would find them so.
The market has one essential property: it remains connected to reality.
The notion that AI can take over an economy is fantasy. A market economy is not made up of competing algorithms but rather sets...