In the discussion of central banking policy guided by either rules or discretion, one must wonder why policy makers are attempting to reinvent the wheel. At their best, central banks attempt to…

North Dakota suffers from a labor force shortage. Currently, there are more than 12,000 open jobs in the state, enough to be North Dakota’s 10th largest city.

The state was previously able to attract…

This is the second entry in a multi-part series on Capitalism Mythbusters.

Malcolm X once said “You can’t have capitalism without racism” (Malcolm X Speaks, 1965). This straightforward quote reveals…

Not all money is the same. This may be obvious, for example, if you compare an American dollar and a Japanese yen. What is not obvious is that not all yen or dollars are the same. We can differentiate…