Author Archives: radiofreemarket

Understanding Economic Theory Is Essential for Understanding the Benefits of Free Trade

In a recent post I explained that China’s manipulations of its own currency hurt only herself and not her trading partners and, therefore, retaliatory tariffs were not warranted and would be self-defeating anyway. China harms herself by causing her own … Continue reading

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China’s Currency Manipulation Does NOT Harm Its Trading Partners

Americans are being told that China’s currency manipulations are causing harm to its trading partners, America being the main victim. Nothing could be further from the truth. China’s currency manipulations certainly cause harm, but to China itself! No country can … Continue reading

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The market provides its own punishment for irrelevant discrimination

My letter to the Mercatus Center: Re: Should hot workers subsidize ugly ones? Excellent points by Omar Ahmad Al-Ubaydli, but aren’t all forms of irrelevant discrimination self-correcting and self-penalizing? If a company hires only beautiful workers and ignores ugly ones who may … Continue reading

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Unilateral Free Trade Would Benefit All UK Citizens

From today’s Open Europe news summary: Removing tariffs post-Brexit could see prices fall up to 1.2%, suggests new study According to a report by the Institute of Fiscal Studies, UK households could see prices fall by around 0.7-1.2% if the … Continue reading

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The EU elite are ignorant of the true meaning and importance of “comparative advantage”

From Open Europe news summary of 14 March 2018 (my highlight): Commenting on Prime Minister Theresa May’s Mansion House speech earlier this month, the EU’s chief Brexit negotiator Michel Barnier called it a “surprising idea” that the UK would be … Continue reading

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Can an Economy Advance Without Savings?

According to Frank Decker, Honorary Associate at the University of Sydney Law School, it certainly can. Not only that, but eschewing savings in favor of “monetisation of assets” will yield better results! I refer to his article in Economic Affairs–Volume … Continue reading

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Bastiat and the Hubble Space Telescope

A few days ago my wife and I watched a fascinating program on PBS. The long running Nova series featured the history and accomplishments of the Hubble Space Telescope. The program was titled Invisible Universe Revealed. This episode was composed … Continue reading

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The Economic Benefits of Ending the Fraud of Fractional Reserve Banking

Fractional reserve banking (FRB) is fraudulent. It should be prosecuted as a crime rather than accepted as normal practice under current banking laws. Any society that respects property rights and the rule of law would not allow it. For those … Continue reading

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Disgust at the LBJ Library

Recently my wife and I spent a morning at the Lyndon Baines Johnson Presidential Library in Austin, Texas. The damage done by this big bully is incalculable. His library reminds us of the start of the blizzard of government expansion … Continue reading

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My letter to Trains Magazine re: $10 billion in wasted capital

October 3, 2017   Trains Magazine P.O. Box 1612 Waukesa, WI 5317-1612   Re: “Time Is Up”, by Bob Johnston (October 2017 edition)   Dear Sirs: In response to Mr. Johnston’s article about the real impact, if any, of the … Continue reading

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