I read somewhere that the brewer of the Corona beer has suffered a drop in sales because of the pandemic. That should tell enough about the rationality of the consumer. Speaking of rational consumers,

62 Minutes Suitable for All Ages Pete wanted to do an episode about the economy so he invited Associate Professor at Oklahoma State University and Mises Fellow, Per Bylund, to return to the show. Show

Some prominent Keynesians actually believed war was good for the economy because they thought any such massive fiscal stimulus as war spending inevitably would boost the economy enormously. Quoting Paul

As a continuation of my previous post, here's another video explaining why we're going to have a stagflation in the US this time around.

凯恩斯经济理论关于温和通货膨胀的论述：如果每年的物价上涨率在2.5％以下，不能认为是发生了通货膨胀。当物价上涨率达到2.5％时，叫做不知不觉的通货膨胀。 这是凯恩斯经济理论的重要结论，所有人都确信通货膨胀不好，但是几乎没有人认为温和通货膨胀不好： 1、1%-%2.5(甚至到%5)的通货膨胀是不被国民感知到的，不会影响购买力； 2、温和通货膨胀会促进经济的发展，温和通胀更加促进商人进行投资行为；

   A lack of consideration for the future is what distinguishes Keynesian economics. Spend, consume, and become indebted because the day of reckoning and the pain of reality can always be pushed

Looking at how the price of Ether skyrocketed this year, one can only wonder who in their right minds would have thought this could be possible? The answer might be too abstract to fathom, but it is staring

I am kind of sympathetic to ordoliberalism in general, but I also recognize the danger it poses. Free-market systems work well under conditions of pure competition. However, pure competition has a tendency

As a brazilian guy I must tell the truth for the foreigners that thinks Brazil it is only the country of carnival, samba and soccer. My country is flooded with corruption, being the first position in the