Clifford F. Thies
Contributor
Clifford F. Thies is a Professor of Economics and Finance at Shenandoah University, He is the author, co-author, contributor and editor of more than a hundred books, encyclopedia entries and articles in scholarly journals.
He is a member of the editorial board of the Journal of Private Enterprise and is a former Bradley Resident Scholar at the Heritage Foundation. He is a past president of the faculty senates of Shenandoah University and the University of Baltimore. He also served in the U.S. Army and the Army Reserve.
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‘A Man, A Plan, A Monopoly?’ More History of the Panama Canal
From the engineering challenges to pricing logistics, managing the canal requires significant time, expertise, and risk. But what’s the alternative?
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Victor David Hanson and his Smoot-Hawley Strawman
Economists don’t claim that tariffs caused the Great Depression, but tariffs make bad times worse.
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A Brief History of the Panama Canal
The US took over a bankrupt French project, backed an independence movement, and paid a $25 million ransom to get the marvel finished.
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The Golden Constant
“The fear fueling this increase in the demand for gold is that the “unsinkable” ship of state has been so compromised by debt that it now risks slipping under the waves.” ~Clifford F. Thies
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Catch-up Inflation
“Where there is collective bargaining, workers go on strike to demand higher wages in order to catch-up to inflation. Elsewhere in the economy, individual workers bargain for higher wages with their current employer, or begin searching for better-paying jobs.” ~Clifford Thies
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Inflation: Expected and Unexpected
“Expectations may be rational, but this doesn’t mean they’re right. And, this doesn’t mean there won’t be hell to pay when they’re wrong.” ~ Clifford Thies
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Pentagon Corrects “Accounting Error.” As Always, the First Casualty of War is the Truth
“Why has the Pentagon flipped? Obviously, the Pentagon initially wanted to exaggerate the amount of aid being given to Ukraine. ” ~ Clifford Thies
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Duginism
“Dugin sees this history, and embraces it. Lord Acton taught us, ‘power tends to corrupt, and absolute power corrupts absolutely.’ Dugin says, absolute power is wonderful.” ~ Clifford F. Thies
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Not so Modern Monetary Theory
“If the issue of an unbacked or insufficiently-backed currency exceeds the amount needed to pay the tax, and even exceeds the amount in demand as a medium of exchange, the value of that currency will fall (or, there will be inflation).” ~ Gary M. Pecquet & Clifford F. Thies
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Renaming Army Posts
“The renaming of an Army post should be a positive, not a negative statement. Renaming some of them should not be about erasing our history, but adding to our history. Heroes from the ranks of the common soldier should be honored.” ~ Clifford F. Thies
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•
‘A Man, A Plan, A Monopoly?’ More History of the Panama Canal
From the engineering challenges to pricing logistics, managing the canal requires significant time, expertise, and risk. But what’s the alternative?
-
•
Victor David Hanson and his Smoot-Hawley Strawman
Economists don’t claim that tariffs caused the Great Depression, but tariffs make bad times worse.
-
•
A Brief History of the Panama Canal
The US took over a bankrupt French project, backed an independence movement, and paid a $25 million ransom to get the marvel finished.
-
•
The Golden Constant
“The fear fueling this increase in the demand for gold is that the “unsinkable” ship of state has been so compromised by debt that it now risks slipping under the waves.” ~Clifford F. Thies
-
•
Catch-up Inflation
“Where there is collective bargaining, workers go on strike to demand higher wages in order to catch-up to inflation. Elsewhere in the economy, individual workers bargain for higher wages with their current employer, or begin searching for better-paying jobs.” ~Clifford Thies
-
•
Inflation: Expected and Unexpected
“Expectations may be rational, but this doesn’t mean they’re right. And, this doesn’t mean there won’t be hell to pay when they’re wrong.” ~ Clifford Thies
-
•
Pentagon Corrects “Accounting Error.” As Always, the First Casualty of War is the Truth
“Why has the Pentagon flipped? Obviously, the Pentagon initially wanted to exaggerate the amount of aid being given to Ukraine. ” ~ Clifford Thies
-
•
Duginism
“Dugin sees this history, and embraces it. Lord Acton taught us, ‘power tends to corrupt, and absolute power corrupts absolutely.’ Dugin says, absolute power is wonderful.” ~ Clifford F. Thies
-
•
Not so Modern Monetary Theory
“If the issue of an unbacked or insufficiently-backed currency exceeds the amount needed to pay the tax, and even exceeds the amount in demand as a medium of exchange, the value of that currency will fall (or, there will be inflation).” ~ Gary M. Pecquet & Clifford F. Thies
-
•
Renaming Army Posts
“The renaming of an Army post should be a positive, not a negative statement. Renaming some of them should not be about erasing our history, but adding to our history. Heroes from the ranks of the common soldier should be honored.” ~ Clifford F. Thies