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May 10, 2022

By Vibhu Vikramaditya

Biden-in-Wonderland: A $15 Minimum Wage Will Not Increase Business Costs

In a recent speech, President Joe Biden blamed inflation on businesses raising prices and told them that they needed to lower their business costs—but boost wages. You do the math.

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By Frank Shostak

Contrary to What Some Economists Claim, the Fed Can't Give the Economy a "Neutral" Rate of Interest

Fed chairman Jerome Powell recently claimed they were "targeting" the "neutral" interest rate. The Fed cannot set or even know that rate, for it doesn't come from government authorities.

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By Murray N. Rothbard

Rothbard Explains The Failure of the "New Economics"

How was the Keynesian Revolution accomplished? The old fallacies were dressed up by Keynes in such a wilderness of pretentious jargon, that the Keynesian disciples claimed to be the only ones able to understand the Master.

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