News
What Does ChatGPT Know about Money?
What does ChatGPT know about money? More than one might think. George Ford Smith asks the AI program some questions...
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New “Engels” on Marx
It is understood that Marx's theories stand entirely upon his Labor Theory of Value. If that theory is discredited, so...
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Why the Family Is Not the Model for the State
Politicians have long claimed that states are like big families, and that political regimes rule in ways similar to how...
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Understanding the Real Costs of Slavery: It’s Not Cheap labor
The standard belief is that slavery was about obtaining “cheap labor,“ yet nothing could be further from the truth. Slavery...
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Do Financial Markets Immediately Provide All Relevant Information?
The Perfect Market Hypothesis claims that all movements in the market can be considered as random, as market players and...
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The Vampire Fiat Money System: How It Works and What It Means for Your Wealth
Governing elites believe that the fiat money system is the height of “sophisticated” finance. In reality, fiat money sucks the...
Read moreNo, Russia is Not Losing the War in Ukraine: A Reply to Paul Schwennesen
Despite a recent claim in Reason by Paul Schwennesen that a briefly successful Ukrainian advance somehow translates into an ultimate...
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China on the Edge of Recession
The last time China hit a recession, in 2008, Beijing dumped massive stimulus into the economy. This time, China's debt...
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The Comic Absurdity of a US Sovereign Wealth Fund
The US Government is no stranger to scamming citizens but the latest financial hustle being proposed, a sovereign wealth fund,...
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Economically-Illiterate Policy Proposals Are Popular, And Economists Are to Blame
Many “mainstream” economists are bothered by the popularity of economically-flawed policy proposals like tariffs and price controls. It’s their own...
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