The Phillips Curve is often taught in mainstream schools of economic thought. It is essentially a positive correlation between employment and inflation, which is what far too many mainstream economists wrongly believe. Many make the even bigger mistake of thinking that there is a causal relationship between employment and inflation. …
This post will heavily reference the August 20th release of David Stockman’s Contra Corner newsletter, which is listed as a recommended education source in this blog. Transfer payments, while viewed by many as a good thing, is, contrary to popular belief, not free money at all. The government must either …
What is the best way to measure whether an economy is improving or deteriorating? Often times unemployment, GDP, and increasing wages(interchangeable with salaries and incomes) are the metrics used to assess the condition of the economy. I’ve written about the inadequacy of the unemployment metric here. GDP is not a …
Taken here from Activist Post, a recommended website on this Liberty Forecast blog. Also refer back to my earlier post here. If Proposition 22 doesn’t pass to exempt Lyft and Uber drivers from the draconian, coercive, and therefore liberty-violating, labor laws of AB-5, Lyft and Uber may never return to …
See Below, but perhaps my title would have been more accurate had it read Democrats(formerly Republicans) vs. Socialists(formerly Democrats) plans to steal from the taxpayers…….yet AGAIN!! It can truly be said that neither party is conservative and/or libertarian, especially on fiscal matters. With $3.2 trillion already passed, the deficit under …
In order to live in a civilization in which liberty, prosperity and peace prevail, the Federal Reserve will need to be abolished. This author therefore advocates the thorough eradication of the Federal Reserve Banking system, as well as the end of the central banking systems of all other countries. Central …
And continues to be under-reported and under-appreciated, especially in media, academia, and Hollywood. On today’s date in 1971, President Richard Nixon ended the Bretton Woods Agreement, “temporarily” suspending the convertibility of the U.S. Dollar into gold. 49 years later, this “temporary” change is the furthest thing from it – after …
In the recent court case, People of the State of California vs. Uber Technologies, Inc. A Delaware Corpooration et. Al, Judge Ethan Schulman of the San Francisco Superior Court Drivers ordered Lyft and Uber to stop classifying drivers as independent contractors, rather than employees of the companies. First of all, …
It seems that even Nobel-Peace Prize winning economists also lack a proper understanding of inflation, and gold. Paul Krugman is the biggest example during these times. As Peter Schiff, whose podcasts are not only recommended on this blog and who is also famous(or infamous, if you ask CNBC, Art Laffer …