Economics

Peter Schiff took to twitter the other day to blast Bitcoin yet again. This is hardly new for the Gold Evangelist, as Schiff has...

"Deadweight loss occurs when something intervenes in the market and shifts the equilibrium price. Price ceilings, price floors, tariffs, and other externalities can create these pockets."

"The idea of economic freedom as is used by progressives is a bastardization of the term and one that attempts to conflate abilities and positive rights with negative ones."

"Politics and economics have always had a connection since the day they were created, but in 21st century the rise of globalization gave a whole new meaning to it."

"Neither Democrats nor Republicans are immune from utilizing Keynes' backwards approaches to the economy."

"Socialism can only reach its stated goals through evolving into totalitarianism. It will look drastically different than what the goodwill socialist envisions. It will be closed-minded and nationalistic."

"If your goal is to create a prosperous society that manages scarce resources efficiently, then it’s time to kill the Canada Summer Jobs program and all other “make work” programs."

"When it comes to calculating our fair share, we would need surely to assess the benefits of how society is arranged and the ways we inherit and gain from the aspects that fall to our favor, no? Frankly, no."

"The reality is that some professions – due to technological, social or cultural advancements have gone the way of the dodo. Although labor shortages and unemployment aren't an issue specific to any single industry, these issues are no more prevalent in the retail sector."

"One issue that both the Misesian and Proudhonian varieties can use to promote freedom is the deregulation of the banking industry."