“Stakeholder Capitalism” Is an Incoherent Term
At the annual World Economic Forum meeting in Davos this year, Klaus Schwab gave a televised interview where he said
Empty Malls and Shopping Centers: How Government Fuels
If you live in the United States, you are most likely familiar with empty storefronts, especially in malls. Once-great shopping
The End of Monetary Hedonism
Does cheap money and credit make us richer? Does more money and credit create more stuff, or better stuff? Do
Why the End of the Petrodollar Spells Trouble
On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil
Fighting Inflation Really Means Fighting the Federal Reserve
There are surely other worlds than this—other thoughts than the thoughts of the multitude—other speculations than the speculations of the
How Fast Should the Money Supply Grow?
Some economists have suggested that inflation results when the money supply expands faster than the rate at which goods and
How Should a Nation Determine Its Heroes?
Myths are crucial for nations to develop a sense of identity and civic pride. In many countries, national myths are
Concentrate Where the Murders Are Concentrated
One of the principles of good public policy is to focus efforts on understanding social problems and searching for effective
Do Correlations Help Define Money?
According to popular thinking, the government’s definition of money is of a flexible nature. Sometimes it could be M1, and
Röpke Revisited
The Moral Foundations of Civil Societyby William RöpkeTransaction Publishers, (1948) 1996; xxxvii + 235 pp. In an earlier column, I