The Indianapolis Monetary Convention

The presidential election of 1896 was a great national referendum on the gold standard. The Democratic Party had been captured, at its 1896 convention, by the Populist, ultra-inflationist, anti-gold forces, …

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China’s Growing Real Estate Bubble

China’s economy has been growing dramatically for many years to become one of the world’s leading economies. According to the World Bank, in 2018, China’s GDP (nominal) was 13,608 trillion …

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Defining Poverty

[Chapter Three of  The Conquest of Poverty.] Any study of poverty should logically begin with a definition of the problem we are trying to solve. Precisely what is poverty? Of …

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Intellectual Property as the New Guild System

The standard justification for intellectual property — i.e., patents and copyrights and trademarks — is that the creative process would be significantly reduced if such protection did not exist. The …

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