LMR – November 2016

At the recent Freedom Advisor event in St. Louis, Carlos and I shared our thoughts on the U.S. economy in light of Donald Trump’s shocking election. After our discussion, one of the attendees said to me, “Bob, that was the most optimistic I’ve ever heard you!” It was true.

BankNotes – November 2016

One of the most widely accepted propositions among political economists is the following: Every monopoly is bad from the viewpoint of consumers. Monopoly is understood in its classical sense to be an exclusive privilege granted to a single producer of a commodity or service, i.e., as the absence of free entry into a particular line of production.