For all that the corporate press does to paint the Federal Reserve as adroitly steering the monetary ship of state, one has only to look at the Fed’s actual words to know that however much they may be steering the ship, they have no idea where they are going. As...
Economics
TGIF: A Market for Law?
by Sheldon Richman | Oct 6, 2023 | Criminal Justice, Economics, Featured Articles, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
Great part of that order which reigns among mankind is not the effect of government. It has its origin in the principles of society and the natural constitution of man. It existed prior to government, and would exist if the formality of government was abolished....
Showdown in the U.S. House: What Really Happened?
by Connor O'Keeffe | Oct 5, 2023 | Economics, Featured Articles, Politics
On Tuesday, Representative Kevin McCarthy (R-CA) was ousted as Speaker of the House. This came days after the former Speaker struck a forty-five-day spending deal with House Democrats to keep the government funded. The last-minute deal and successful motion to vacate...
A Short ‘Continuing Resolution’ Will Not Fix Big Problems
by Ron Paul | Oct 4, 2023 | Economics, Featured Articles, Politics
Federal spending is so out of control that it only took three months for the federal debt to increase by one trillion dollars to over 33 trillion dollars. In contrast, it took almost 200 years for the federal debt to reach one trillion dollars. So the federal...
The UAW Can’t Solve Autoworkers’ Very Real Problems
by Connor O'Keeffe | Sep 29, 2023 | Economics, Featured Articles
On Friday, September 15, 12,700 members of the United Auto Workers union (UAW) walked off the job at plants owned by the “Big Three” automakers—Ford, General Motors, and Stellantis (which owns Chrysler, Jeep, and Ram). The walkout marked the beginning of a series...
Millionaires No More: Social Security is Impoverishing Our Seniors
by Thomas Eddlem | Sep 28, 2023 | Economics, Featured Articles
Imagine you win your state lottery for $1.1 million. You have the option of collecting the cash prize of $1,100,000 or taking $55,000 per year in twenty annual installments. Your financial advisor will always tell you the smart move is to take the full cash payout and...
It’s the Inflation, Stupid!
by Joseph Solis-Mullen | Sep 28, 2023 | Economics, Featured Articles
At the beginning of last year, economist Paul Krugman wondered aloud whether Americans would even notice if the economy improved. In his considered opinion, it was already obvious that the economy was humming along merrily and that ordinary shmucks just didn’t get it....
TGIF: Hurrah for Real Globalization!
by Sheldon Richman | Sep 22, 2023 | Economics, Featured Articles, Foreign Policy, History, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
Globalization, like the free market and classical liberalism generally, isn't wildly popular these days, is it? People blame globalization for all sorts of bad things, and the raps are usually bum. In truth, to the extent that governments keep out so-called foreign...