Economics, at its core, is the study of cause-and-effect relationships—analyzing how scarce resources, which have alternative uses, are allocated.
Category:
World News
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Leftist historians claim that mainstream historic accounts of the Reconstruction Era fail to give black freedmen enough credit for their postwar rebuilding role.…
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Keynesian orthodoxy claims that cuts in government spending mean less “aggregate demand,” and less “aggregate demand” leads to recessions. Economic experience, however, shows…
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The standard line for passenger rail travel in the US is that we need a government-subsidized entity like Amtrak because while there is…
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In a candid interview, economist Steve Hanke calls the Trump–Putin Alaska summit “a photo-op,” arguing Russia already holds the upper hand in Ukraine.…
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According to Statista, there were 66 billionaires in the US in 1990. That number grew to 748 in 2023. Over the same period,…
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Japan’s economy is caught between inflationary monetary policy and powerful agricultural interests. There is no easy way out.
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The recent political firefight over Trumps firing of BLS Commissioner Erika McEntarfer overshadows the underlying question of why we need the BLS at…