Economic Analysis

It is important to recognize that the dollar value of production of final goods in an economy is not identical to the well-being or living standard of the residents of the economy, although the two are inevitably related.

Ongoing access to resources is necessary for any broadcast, publication or communications network to be viable.

When the U.S. government “weaponizes” the dollar, the certainty of dollar redeemability is eroded, as is its desirability as a currency.

When the money supply increases faster than the output of goods and services, people spend the excess money. This causes prices to rise and the value of money to fall.

There are two ways a country can obtain a good or service. Both require it to use its scarce domestic resources—notably its land, labor and capital—to that end.

The great economist Walter Williams said the primary economic justification for government is to protect its citizens from thugs, both foreign and domestic.

After Vietnam, Iraq and Afghanistan, the USA hasn’t the political will to engage in another war.

The best way to assess how our policymakers have performed is by gauging how well they have kept the dollar value of income in the economy—what economists call nominal gross domestic product (NGDP)—growing on its expected path.

But what if a majority of voters or their legislative representatives think universities, or, for that matter, K-12 schools, should or should not teach certain ideas?