I remain amused at the outrage expressed over the revelations from Dr. Anthony Fauci’s diary and his behavior in front of a U.S. Senate committee. After all, Dr. Fauci fulfilled his role in exactly the manner the administrative state designed it. In the end , we should have only been surprised if he did not act in a self-serving manner. From an institutional and public choice perspective, the behavior revealed in Dr. Anthony Fauci's journal entries and his statements to Congress align with predictable administrative incentives. Public choice economics treats high-ranking officials not as...

From a pure free-market, Austrian, and public choice perspective, the long-term demographic decline of the native-born population is not an accidental social phenomenon. It is the predictable consequence of government growth, fiscal dominance, and irresponsible monetary expansion. When state spending exceeds tax revenues, the resulting deficits, inflation, and market distortions create structural disincentives that make multi-decade capital commitments—such as having and raising children—increasingly irrational for economic actors. From a strict market perspective, the declining birth rate...

I am far from your typical, mainstream economist. Rather than focus on the broad aggregates that the state publishes in an effort to convince us that things are “just fine,” I choose to observe economic conditions at the most micro of levels. While my colleagues pour over numbers with initials like GDP, CPI, and PPI I prefer instead to review localized indicators through the observation of human behavior. One way I do that is to walk grocery aisles and watch how people react to prices. The result can often be odd, maybe “off-putting," or just plain weird. But it also presents me with a...