Politics

This episode explores the economic implications of deflation, debunking the mainstream fear that falling prices cripple economic growth.

Abraham Lincoln is best known for his role as a wartime president, but his economic policies were a precursor to the New Deal. From railroad subsidies to a national banking system, Lincoln paved the way to the Progressive Era and beyond.

Thanks to the reckless policies of the Federal Reserve, businesses are now facing the realities of an economy ravaged by inflation. Look for more signs that say “Closing.”

Trump’s trade policy is structured on creating scarcity. Scarcity does not help either consumers, or producers that need an abundance of goods to produce new products.

The end result will be an even more legalized theft as American producers that use imported parts for their own manufactured products are plundered by tariffs.

This week in Friday Philosophy, David Gordon reviews The Tariff Superstition: Why Protectionism Always Fails and Who Really Pays the Price by Marcel Kedosa, who levies devastating arguments against protective tariffs, sometimes using the same arguments used by Murray Rothbard.

Abraham Lincoln is best known for his role as a wartime president, but his economic policies were a precursor to the New Deal. From railroad subsidies to a national banking system, Lincoln paved the way to the Progressive Era and beyond.

Beyond his scholarly work, Murray was a dedicated teacher and mentor. His enthusiasm for engaging with young minds and his willingness to challenge mainstream academia set him apart as an intellectual leader.

Thanks to the reckless policies of the Federal Reserve, businesses are now facing the realities of an economy ravaged by inflation. Look for more signs that say “Closing.”

President Trump has promised “billions and billions” of dollars in new revenue from his tariffs not to mention economic rejuvenation. The odds are not in his favor, to put it mildly.