Some big, round-numbered interest rate thresholds have been passed in recent days including 4.0% on the 10-year UST, 5.0% on the 2-year UST and 7.0% on the 30-year mortgage. These all come at the end of extended round trips, of course, so the question at hand is how...
Now you see it...maybe soon you won’t. Over the last year, the seeming ability of stock values of many technology companies to keep rising forever met resistance. This was true even for the major technology companies known collectively as “big tech.” During the last...
https://youtu.be/vyLrkqHuQf4 There exist two blatant contradictions which roughly ninety-nine percent of intellectuals, journalists, and voters erroneously believe. On the one hand, they say that the free market must be regulated in order to prevent monopolies. It is...
The left and right-wings of economic thought spend much of their energy trying to refute each other, but an integration of both perspectives might be worth considering. The right-wing of economic thought has conclusively demonstrated that the value creating ability of...
A group of House Republicans is supporting legislation that would replace federal income, payroll, estate, and gift taxes with a 30 percent national sales tax. The bill also eliminates the Internal Revenue Service, giving states the responsibility to collect the sales...
Whether you like it or not, central bank digital currencies (CBDCs) are coming. That’s the message in a recent tech column in the Wall Street Journal. A similar tone can be found coming from organizations like the World Economic Forum, the International Monetary Fund,...
This article has been reprinted with permission from Fake Noûs, the official Substack of Michael Huemer. Here, I explain the anarcho-capitalist solution to the basic social problem (from fakenous): Recap from two previous posts: - The basic problem of human...
This week the U.S. government reached its 31.4 trillion dollars borrowing limit, better known as the “debt ceiling.” This led to a showdown among House Republicans, President Biden, and congressional Democrats. House Republicans are demanding that President Biden and...
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