What are interest rates, where do they come from, and what purpose do they serve? Economist Jeffrey Herbener explains why Turgot, Böhm-Bawerk, and Mises got it right.
In February, year-over-year growth in the money supply was at 3.1 percent. That was down from January's growth rate of 3.3 percent, but was up from February 2018's rate of 3.0 percent.
A reason the left is good as what it does: it thinks big and thinks long term. Conservatives and libertarians, meanwhile, like to give up immediately if something seems like it might take a while, or if other people don't embrace their ideas instantly.
What the international trade and monetary system needs in order to grow healthy are free markets, sound money, and entrepreneurs to maintain, accumulate, and employ capital for best satisfaction of consumers around the world.
Mexican interventionists are now pushing the idea that Mexico is a country dominated by a free-market ideology which they call "neo-liberalism." But any serious look at Mexico's government makes it clear this is not the case.
