News

Recent posts and articles from IGEG fellows, advisers, experts and scholars.

The End of Government Monopoly Money

After two centuries of government monopoly money, private monies are re-emerging and will likely come to dominate ultimately. Back in 1976, Nobel Laureate F.A. Hayek published his little classic, “Denationalization of Money.” In essence, Hayek argued that money is no...

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Choosing Political Bias over Economic Reality

Why is it that those who have been right in the past are often ignored, while great attention is paid to those who have been wrong? Many “politically correct” forecasters’ words are accepted as gospel by the media despite dismal records. New York Times economic...

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The Myth of Growing Income Inequality

If your income remains constant but the prices of many things you buy decline, you are richer. There are many articles and books asserting that the inflation-adjusted incomes for the middle- and lower-income groups in the U.S. and some of the other developed countries...

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