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Historian Chris Calton joins Ryan McMaken to discuss both the upsides and the downsides of Trump’s first 100 days.
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MUITA jaksoja TÄSSÄ PODCASTISSA
The temptation to think of China as an economic juggernaut needs a reality check. While China’s government-dominated economy has many impressive building projects, there are underlying malinvestments that the government continues to subsidize, leading to future problems.
Original article: https://…
Keynesians claim that government debt is no problem because “we owe it to ourselves,” as though owners of US debt don’t care if they are repaid or not. Taxpayers, who actually will pay the debt, are left out of the equation.
Original article: https://mises.org/mises-wire/you-are-collateral-forty-t…
Mortgage rates are at historically normal levels. They are not “too high.” On the other hand, home prices are too high after years of subsidy from artificially low rates and government intervention. The answer to the stagnating market is to cut prices.
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A conservatism that does not recognize the efficacy of natural law is no conservatism at all.
Original article: https://mises.org/mises-wire/natural-law-principles-conservative-tradition
Robert Hall and Michael Woodford certainly deserve the Nobel memorial prize. Their work has had a substantial impact, yet significance is not soundness.
Original article: https://mises.org/mises-wire/tragic-path-new-keynesianism
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