Economics
Corporations Loaning Out Money Like Banks Is Causing a New Wild West of Finance
In the 1950s and ’60s, a strange thing happened to the U.S. dollar: It left home. The Marshall Plan saw billions of dollars leave the United States to rebuild Europe. Those dollars deposited in banks outside America — mostly in London — became…
The Continuing Relevance of Austrian Economics – Religion & Liberty Daily
In their new book, Austrian Economics: An Introduction, Christopher Coyne and Abigail Hall, both professors of economics, offer a concise, accessible volume with a humble title that fills a major gap in the literature for those curious about the…
$40 Trillion and Counting: America’s Debt Crisis Hits Record Level Ahead of Schedule
America’s skyrocketing debt is ahead of schedule. The national debt reached $40,047,425,768,420.22 on Wednesday, the highest it’s ever been. Senator Rand Paul (R-Ky.), part of a very exclusive group of federal legislators with any semblance of…
$40 Trillion and Counting: America’s Debt Crisis Hits Record Level Ahead of Schedule
America’s skyrocketing debt is ahead of schedule. The national debt reached $40,047,425,768,420.22 on Wednesday, the highest it’s ever been. Senator Rand Paul (R-Ky.), part of a very exclusive group of federal legislators with any semblance of…
“Fiscal Shackle” Revolution: Argentina’s Milei Aims to KILL the Debt State — for Good
“Rain will always fall downwards,” the saying goes. “Don’t try to change the impossible.” And government will always run up debt to buy votes and print “counterfeit” currency to cover the deficits.While this is taken for granted, a revolution…
Common Cents Act Rewrites the Rules of Cash After the Penny’s Demise
America has already minted its last circulating penny. Congress is now deciding what comes after it.Last Friday, the Senate passed the Common Cents Act. The bill would formally end penny production for general circulation. It would create…
Do Tariffs Cause War? Mises Fellow Explains
Can tariffs encourage foreign conflict?In short, yes, explains Cruz Marquis, a summer research fellow at the Mises Institute, to The New American’s Andrew Muller at the Young Americans for Liberty’s national convention in Cincinatti,…
The World’s Biggest Shell Game
In 2001, Enron’s collapse revealed that a corporation could manufacture the appearance of financial health by creating thousands of shell companies, the purpose of which was to buy the real corporation’s toxic assets, keeping them hidden from…
U.S. Oil Reserve Falls to 43-Year Low as Trump Drawdown Nears Its Limit
The United States has drained nearly 96 million barrels from the Strategic Petroleum Reserve (SPR) since mid-March.The Trump administration began releasing oil after its war on Iran predictably choked shipments through the Strait of Hormuz and…
An Economist’s Summer Reading List – Religion & Liberty Online
(Image Credit: The Acton Institute) Beach reading is about to get more profitable. Read More… It’s that time of year again: Acton University is in full swing with long summer days and short summer nights. It’s the perfect time to add to your…