How GDP Metrics Distort Our View of the Economy

05/15/2015 Christopher P. Casey GDP purports to measure economic activity while largely divorcing itself from the quality, profitability, depth, breadth, improvement, advancement, and rationalization of goods and services provided. For example, even if a ship — built at great expense — cruised without passengers, fished without success, or ferried without cargo; it nevertheless contributed to […]

Donald Trump’s Whig is Showing

This article was originally published by the Mises Institute on March 21, 2017 On February 28th, while addressing a joint session of Congress, President Trump quoted Abraham Lincoln and praised his economic philosophy: The first Republican President, Abraham Lincoln, warned that the “abandonment of the protective policy by the American Government [will] produce want and […]

The War on Cash Explained

The phrase “the war on cash” refers to the deliberate efforts by governments and central banks to reduce and/or eliminate the frequency and size of cash transactions within the economy.