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Before I review The Quantity Theory of Money: A New Restatement (PDF) chapter-by-chapter, allow me to put things into context. Tim Congdon is the deepest thinker in this field and

The Constitution, or at least talking about the Constitution, is typically a centerpiece in many contemporary political discussions. This is especially true in the past few years, and in recent months it is not uncommon to…

The Constitution, or at least talking about the Constitution, is typically a centerpiece in many contemporary political discussions. This is especially true in the past few years, and in recent

The main principle of trade policy is make or buy.   “Economics” comes from the Greek word oikonomia, deriving from oikos, meaning “house” or “household,” and nomos, meaning “law” or “rule”. Thus, oikonomia originally meant…

The main principle of trade policy is make or buy.   “Economics” comes from the Greek word oikonomia, deriving from oikos, meaning “house” or “household,” and nomos, meaning “law” or “rule”.

Ronald Reagan is, famously, known for being a free trader, a globalist perhaps, in today’s parlance.  He believed very firmly in the importance of American industry but also believed that American industry was best served by…

Ronald Reagan is, famously, known for being a free trader, a globalist perhaps, in today’s parlance.  He believed very firmly in the importance of American industry but also believed that

After slight deflation in March, prices rose again in April. The Bureau of Labor Statistics (BLS) reports that the Consumer Price Index (CPI) increased 0.2 percent last month. Over the past year, it rose 2.3 percent. “The…

After slight deflation in March, prices rose again in April. The Bureau of Labor Statistics (BLS) reports that the Consumer Price Index (CPI) increased 0.2 percent last month. Over the