Economics

In a recent Wall Street Journal opinion piece, “Targeting the Wealthy Kills Jobs,” T. J. Rodgers, founder and CEO of Cypress Semiconductor, addresses some causes and consequences of today’s culture of envy. “The American dream has traditionally been one of individual success that is rewarded and admired,” writes Rodgers. “But…

Michael Dahlen reviews The Real Crash: America’s Coming Bankruptcy—How to Save Yourself and Your Country, by Peter D. Schiff.

Richard Salsman answers a letter about central banking.

Now this promises to be a world-changing development: Google plans to launch blimps and other “high-altitude platforms” above sub-Saharan Africa and southeast Asia to bring the internet wirelessly to a billion or more additional people, the Wall Street Journal reports. With what will these people access the internet? Google is…

Explains why central banking should be terminated and how it can be, focusing primarily on the U.S. Federal Reserve System.

The U.S. Bureau of Labor Statistics ranks North Dakota’s 3.3 percent unemployment rate as the lowest in the country. Its cities of Bismark, Fargo, and Grand Forks rank first, second, and seventh on the list of U.S. cities with the lowest levels of unemployment. The key driver of the relatively…

Why were central banks established? As Richard Salsman summarizes in his latest TOS article, “The End of Central Banking, Part I”: As government grows and spends more, politicians seek to avoid the electoral consequences of raising taxes and try to rely more on borrowing and printing money, policies that central…

Here is the introduction to Richard Salsman’s article “The End of Central Banking, Part I,” from the forthcoming (Spring 2013) issue of The Objective Standard: This year marks the centenary of the law establishing the U.S. central bank, the Federal Reserve (Fed), so it’s an appropriate time to assess the…

Jeff Bezos, the founder of Amazon, is a modern American hero. He has put millions of products ranging from books to movies to clothing to groceries within easy reach of millions of customers. But long before there was Amazon, before there was an internet or even computers, there was the…

Ari Armstrong reviews Beyond Politics: The Roots of Government Failure, by Randy Simmons.