On Monday, the U.S. Commerce Department announced it was awarding Taiwan Semiconductor Manufacturing Company (TSMC) a $6.6 billion CHIPS Act subsidy for the fabrication of computer microchips in Phoenix, Arizona. TSMC will also receive up to $5 billion in low-cost...
I was all ready to don a black mask for the Antifa demonstration when I realized that the self-styled antifascists hadn't planned a demonstration. What are they waiting for? After all, the national government has just started a new fascistic crusade. You'd expect the...
In an era marked by economic uncertainty and inflation, the insights of Friedrich Hayek, the renowned Austrian economist, resonate more strongly than ever. Hayek's essay, "Choice in Currency: A Way to Stop Inflation," offers a compelling argument for the...
A principal goal of Stark Realities is to “expose fundamental myths across the political spectrum”—and few myths are as universally embraced as the notion that US participation in World War II (1941-1945) lifted the American economy out of the Great Depression. This...
Opponents of people's freedom to cross national borders to where the best jobs are, aka open borders, make a rookie error: they engage in static analysis and overlook the dynamism of social processes that freedom produces. I was recently asked on Facebook: "Are you...
My old friend Michael Malice just shared an AP headline on Twitter that read: "Who wouldn't like prices to start falling? Careful what you wish for, economists say." Malice's commentary: "The corporate press is the enemy of the people." He's right, of course. If they...
Last week, Jerome Powell & Co. met to issue an immediate decision regarding the status of the federal funds rate for March, and to provide some insight into the trajectory of monetary policy for the rest of 2024 and into 2025. As with the past few inflation...
Nearly everyone complains about capitalism's defects, or market failures. In fact, those are social failures, not specifically market failures, which show up when many rational individual actions create a social situation that displeases everyone. This means that...
