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February 22, 2023

By Frank Shostak

Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions

At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.

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By Ryan McMaken

Secession: Should the American Revolutionaries Have Quit to Appease the Loyalists?

Opponents of secession say secession is wrong if some people in the population don't want it and say they will be worse off. The American revolutionaries disagreed and seceded anyway.

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By Kevin Van Elswyk

A Student Loan Fable

In the bizarro world of student loans, someone can borrow six figures without collateral or credit history—and then demand that taxpayers cover the loan.

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