According to a survey from the American Farm Bureau Federation, the cost of an average 4th of July feast is up by 17 percent from 2021. Why is this?
Inflation is the word of the day; rates in the United States have hit 40-year highs, and seemingly everyone is feeling the pain — from the gas pump to the grocery store. But with growing media attention also comes bad or misleading information. To set the record straight, we brought in the heavy muscle: Learn […]
In order to be able to address the root problems of inflation, we need to dispel some common myths. Here are our top five picks:
The United States government is, yet again, facing a budget crisis. Government funding is set to expire on December 3, 2021 and Congress has a deadline of December 15 to raise the debt ceiling. Otherwise, the U.S. will default on its debts, and a worldwide financial collapse becomes a possibility.
Modern Monetary Theory (MMT) is part of the reason these crises — not to mention inflation — are becoming more common. It theorizes that because modern states control currency and have the power to levy taxes, they can print as much money as they want.
Vox recently posted a video explaining how inflation works and why some people want inflation to rise in the US. However, they are not telling the whole story, so we had to set the record straight.
We invited our good friend, professor Antony Davies, to explain what inflation is and how that affects the lives of everyone. He talks about how inflation erodes people’s purchasing power, the role of politicians in all this, and what people can do to protect themselves against inflation. We want to hear what your savings strategies are against inflation. Comment them down below!
[Alexander Hamilton] was decidedly retrograde in pushing for an exclusive nationwide bank with a sweetheart government deal. He was not a creative policy genius so much as a persuasive second-hand dealer in discredited mercantilist ideas.
The relative worth of a dollar is dependent on a range of factors that vary from state to state.
Why does economic education matter? Look no further than the ongoing crisis in Venezuela, where the Washington Post is reporting that food shortages are so bad that people are attacking food trucks when they make deliveries. It all started when Hugo Chavez and his successor, Nicolas Maduro, tried to formulate public policy while ignoring economics. […]
The news from Venezuela just keeps getting worse: runaway inflation, rolling electricity blackouts, shortages of even the most basic goods, people dying in hospitals waiting for care that just doesn’t ever arrive. The world looks on, appalled at the spreading miseries, and asks: “Why is this happening?” And, “What can be done about it?” These […]
In this video professor Don Boudreaux responds directly to commentator Robert Reich on the topic of wages, particularly the claim that middle class wages have stagnated in recent decades.
F.A. Hayek was highly critical of central banking and of government’s proclaimed interest in holding a monopoly on the issuance of money. Hayek eventually turned his opinions on money and free banking into an economic treatise in the book “The Denationalization of Money“. Some even say Hayek predicted the emergence of Bitcoin nearly three decades […]