What Henry George Meant by “Interest on Capital”

A New Model of the Economy presents a rational and clear theory of economic prosperity. I highly recommend it to anyone who wishes to gain an in-depth understanding of economics.

The so-called discipline of economics has been systematically corrupted in two major ways.

The inequality of wealth and income has become a meme loaded with danger.

Because values are purely subjective, attempts by governments to control prices or to push prices up or down with taxes and subsidies reduce social wellbeing.

The late deflation of 2008 will turn into the great inflation of 2009

The plain truth is that nobody really has the experience needed to be the president of the USA

As in previous real estate booms, house builders overbuilt in the hot markets. Why don’t they learn? Because they expect a bailout.

Precise understanding requires precise terminology and clear meaning

Austrian school analysis shows that any interference or control of money by a central bank or government agency will distort the interest rate and cause economic waste

To have a maximally prosperous economy and eliminate depressions, we also need to attend to money and banking