Economics - Michael DeVinney

Economics Economists Don’t Know

There’s an economic crisis going on. Most economists understand the economy as it’s presented in their models, but not what … Read the rest

Time and Demand

Money plays a critical role in the economy, functioning as a medium of exchange and solving what economists call the … Read the rest

The Fallacy of Compromise

The systems that govern our world are built on contradictions and intentional distortions. Even the most intelligent minds can get … Read the rest

The Master of Disaster

Central banking is often touted as a stabilizing force in the economy, but in reality, it’s an intricate mechanism of … Read the rest

Freedom or Intervention?

The free market is the natural state of human interaction. People exchange goods and services voluntarily because it benefits both … Read the rest

What is Capitalism?

There’s a lot of misuse of the word “capitalism.” Anything that needs a qualifier—like “bailout capitalism” or “crony capitalism”—probably isn’t … Read the rest

Too Dumb to Decide?

The free market operates as an orderly system, where utility—defined as the satisfaction of needs and wants—is maximized when individuals … Read the rest

The Truth about Money

Money is necessary to determine the difference between inputs and outputs. Paper money makes that more and more difficult to … Read the rest

Violent Changes in the Value of Money

The changes in value haven’t come from gold. The change is due to fiat money and the printing press. Gold … Read the rest

Covert Parasitism

There are no booms and busts in the free market. I repeat, there are no booms and busts in the

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