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“the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent.” Click here for post-FOMC press conference.

World News

Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better,...

World News

When people speak of “social justice,” they are not speaking of justice in any historical form but rather an imaginary state of affairs in...

World News

Mainstream economists have been obsessed with finding “optimal” tax rates, and Nicholas Kaldor‘s 1940 formalization of the “optimal” tariff is no exception. Austrian economists,...

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