Have you heard about Somalia's COVID-19 policy? In the official statistics, Somalia has just 3,362 confirmed infections and 97 confirmed deaths from COVID-19. On a per capita basis, the country has a death toll just barely above New Zealand, and below other widely...
Economics
A Rejoinder to the Looters: It’s More Than ‘Just Property’
by Ryan McMaken | Sep 5, 2020 | Economics, Featured Articles
It’s now become fashionable on the left to defend looting as a means of redistributing wealth from allegedly unworthy business owners to the more deserving looters themselves. “It’s just property!” is the refrain, with the implication being that property owners should...
Jerome Powell Is Stealing Your Wealth
by Michael Maharrey | Sep 2, 2020 | Economics, Featured Articles
The Federal Reserve has doubled down on its policy of devaluing your money. During a speech in Jackson Hole last week, Federal Reserve Chairman Jerome Powell announced a shift in the central bank’s inflation policy. In the past, the central bank has targeted a 2...
How State Policy Reducies Access to Hospital Beds
by Frank A. Greco | Aug 25, 2020 | Economics, Featured Articles
We can all repeat the mantra without missing any beat: the lockdown was required to flatten the curve so that our hospital resources would not be overwhelmed during the pandemic. That argument is, by the way, quite correct. Anyone looking at the footage of the...
Bitcoin is Unbeatable
by Tom Luongo | Aug 25, 2020 | Economics, Featured Articles
Bitcoin and cryptocurrencies are headline news again. DeFi—Decentralized Finance—tokens like LINK and others have exploded in recent weeks, capturing speculators’ imaginations. But more importantly, given the day-to-day fragility of the capital markets and the...
Debunking Marx’s ‘Iron Law of Wages’
by Bradley Thomas | Aug 17, 2020 | Economics, Featured Articles
Does a competitive, free market capitalist system drive down wages for the common man? That’s the question I was confronted with in a recent exchange I had with a Marxist on Twitter. My original post stated that “Free, competitive markets don’t drive down worker...
A ‘Sound Money Caucus’ Has Launched On Capitol Hill
by Jp Cortez | Aug 15, 2020 | Economics, Featured Articles, Politics
As the political and central banking establishment in Washington continues to bail out the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, a handful of congressmen hope to shine a new spotlight on the devastating effects of...
How State Governments Can Fight the Federal Reserve
by Michael Maharrey | Aug 6, 2020 | Economics, Featured Articles
If you want to end unconstitutional, overreaching federal power—end the Fed. It’s the engine that drives the most powerful government in the history of the world. But Congress will never abolish the central bank. It can’t even come up with the will to audit the Fed....