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Money Supply vs. Liquidity. What’s the Difference?
In a market economy, a major service that money provides is that of the medium of exchange. Producers exchange their goods for money and then exchange money for other goods. As the production of...
The Seen and the Unseen of Covid-19
This is the intellectual level of the conversation : You just want people do die. How do you talk to somebody like that? So, in order to do that, I’m going to appeal to the...
Lockdowns Haven’t Brought down Covid Mortality. But They Have Killed Millions of Jobs
During the early onset of covid-19 in the spring, government officials across the political spectrum widely agreed that government intervention and forced closure of many businesses was necessary to protect public health. This approach...
The Dystopian “Fourth Industrial Revolution” Will Be Very Different from the First One
If one takes the publications of the World Economic Forum (WEF) as an indication of how the “Fourth Industrial Revolution” will change society, the world is facing a massive onslaught against individual liberty and...
The United Nations and the Origins of “The Great Reset”
About twenty-four hundred years ago, the Greek philosopher Plato came up with the idea constructing the state and society according to an elaborate plan. Plato wanted “wise men” (philosophers) at the helm of the...
What the Covid Vaccine Hype Fails to Mention
Pfizer recently announced that its covid vaccine was more than 90 percent “effective” at preventing covid-19. Shortly after this announcement, Moderna announced that its covid vaccine was 94.5 percent “effective” at preventing covid-19. Unlike the flu vaccine, which is...
Lockdowns Destroy What Makes Us Human
While GMU economist Tyler Cowen may have dismissed the idea of more pandemic lockdowns as being “a straw man” and saying that the extreme measures that started in March of this year “are now behind us,”...
The Right to Own a Gun Isn’t Just for Americans
The United States is unique for its tradition of gun ownership, which often shocks foreigners and leaves them in a state of disbelief at how ubiquitous firearm ownership is. Moreover, the idea of people carrying...
Why Central Bank Digital Currencies Are a Bad Idea
Central bank digital currencies (CBDC) are being sold with the narrative of protecting consumers who are increasingly moving to cashless payments. Some say that these cashless payments will rob us of the privacy advantages of cash...
Privacy, Power, Fiscal Policy, the Poor: Four Reasons to Worry about CBDCs
It has become clear by now that central bank digital currencies, or CBDCs, will be in our future and the technology will fundamentally change the use of money and the economic system as a...