Channeling Hayek’s Words of Wisdom
Channeling Hayek’s Words of Wisdom
Last year, we celebrated 50 years of Friedrich Hayek’s Nobel Memorial Prize in Economic Sciences. We also marked 80 years since the great Austrian economist published his global bestseller, The Road to Serfdom. The book came out during the rise of Clement Atlee in the United Kingdom and of Juan Peron in Argentina. Just as...
By Dr. Alex Tokarev, Kristin Tokarev
Is the Fed Trying to Rig the Election?
Is the Fed Trying to Rig the Election?
Less than seven weeks before the elections, the Federal Reserve decided to cut the interest rates aggressively – by 50 basis points. But inflation is still above its target. And the Fed has yet to receive distress signals from the labor, housing, or stock markets. So, what does that mean for you? The candidates? The...
By Kristin Tokarev
A Student Voice: A fiscal system that punishes success and rewards failure
A Student Voice: A fiscal system that punishes success and rewards failure
The two most important lessons one can learn in economics are: “There’s no such thing as a free lunch” and “Incentives matter.” In a world of scarcity, every choice we make has an opportunity cost. As rational beings, every one of us is trying to achieve the best outcomes under the current constraints. Frederic Bastiat...
By Kristin Tokarev