The natural response in the face of a pandemic like the one we are experiencing today with COVID-19 is to take immediate and direct action to curb the crisis. We are told we need to have extensive quarantines, citywide lockdowns, and shelter-in-place orders. We...
Momentous events usually leave strong memories on those who have lived through them, and those memories often become passed on to later generations in the form of historical interpretations of why and what had happened in the past. This has certainly been so in the...
Hooray! Finally even the robo-machines and day traders are puking, not BTFDing. Today’s 3,000 Dow Point Dump says even they have had enough of the craven dolts who occupy the Eccles Building. You do not need a PhD in economics—or even a night school survey course—to...
Jeff Tucker's "In a Disease Panic, the Free Market Is Your Friend" ought to be atop everyone's reading list. As libertarians well know, people who are under the delusion that government is a creative element in society, rather than a predator, will never let a good...
Exponential functions. Understand this, and you’ll grasp the reality of the Wuhan Novel Coronavirus from China. I know math sucks, but if you can get this, you’ll lift the fog on just how bad this is. With the Novel Coronavirus (called SARS-CoV-2), some speculate that...
It doesn’t get any more pathetic than this. The Fed cuts the absurdly low money market rate by another 50 basis points at 10AM and before noon the Donald is banging the podium for more. So if you ever needed a final warning to get out of the casino, today’s...
There’s a four letter word beginning with ‘f’ that’s on a lot of people’s lips these days. I’m talking about “free.” Free just might be the most powerful word in the English language. It drastically alters people’s behaviors and can short-circuit mental reasoning like...
Scott has Bob Murphy on the show to explain the Austrian School's view of the boom and bust cycle in the American economy. Murphy explains why the Keynesians are wrong to assert that booms and busts are simply an inherent feature of capitalism. In fact, it is...
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