Fractional Reserve Banking (Part II)
We have already described one part of the contemporary flight from sound, free market money to statized and inflated money: the abolition of the gold standard by Franklin Roosevelt in 1933, and the substitution of fiat paper tickets by the
The Decisive Driving Force to Victory for Javier Milei
Much has been written in the international press, including within Argentina, about recently inaugurated Argentinian president Javier Milei, mostly about how he is an extreme right-winger (really wanting to taint him as a fascist among left-wing circles). Some independent journalists
IRERE special issue honoring Tom Tietenberg
From the inbox: The International Review of Environmental and Resource Economics has published the following new issue. The articles in this issue are freely avaible until 20 February[*]. For other issues or for subscription information, please visit the journal webpage. Volume 17,
The Government Is Making the Economy Appear Better than It Is
As the 2024 general election gets closer, Democrats and proestablishment pundits are growing frustrated with the American public for not feeling as good about the economy as the so-called experts say they should. The elitism of this view aside, it
Taking Money Back (Part I)
Money is a crucial command post of any economy, and therefore of any society. Society rests upon a network of voluntary exchanges, also known as the “free-market economy”; these exchanges imply a division of labor in society, in which producers
How California’s New Provider Taxes Exploit Medicaid Financing Loopholes
Marc Joffe and Krit Chanwong
