Murry Rothbard on harmful policy.. 1. Prevent or delay liquidation. Lend money to shaky businesses, call on banks to lend…

Keynesianism and neo-Keynesian thought seem to be popular despite the fact it has never worked and is based on fallacies…

Any government implementing a Keynesian policy simply “Keynesianizes” the economy. The effect is an economy that behaves precisely in the…

There are people who try and tell you that Bitcoin is not about incentives or economics. The structure of Bitcoin…

A minimum-wage scheme is a tariff and price fixing method against people’s labour and ability to sell themselves freely. The…

There is a lot of misunderstanding on how money works. Many in the Bitcoin space think that scarcity of Bitcoin…

George Akerlof did us a great disservice with his unscientific rhetoric. A market for lemons and other market failures seem…

Let us investigate a centralised push to “export agriculture and industrial products, reverting to tangible goods production”, as is suggested…

Just as with all income and capital taxation issues, Bitcoin-based transactions require that suitable record-keeping practices are adhered to.  …

Central governments are and remain a net supplier of macroeconomic instability. This is a direct result of the institutions and…

Investment in Bitcoin should be treated as any other investment in an emolument, “which could be converted into money might…

http://bastiat.org/fr/cqovecqonvp.html Basically, the GDP argument is based on the “Broken Window Falacy” of Bastiat. There are English versions of it…