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Hey, Jay, Enough Of Your Stinkin’ Easy Money!
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...
The State Is a Predator. It Can’t Be Used to Achieve Libertarian Ends
Tyler Cowen, who is said to be “known as one of the libertarian world’s deepest thinkers,” recently wrote a blog post entitled “What Libertarianism Has Become and Will Become — State Capacity Libertarianism.” There, Cowen asserts that libertarianism “is now pretty...
The Bank of England’s Governor Fears a Liquidity Trap
The global economy is heading towards a “liquidity trap” that could undermine central banks’ efforts to avoid a future recession according to Mark Carney, governor of the Bank of England. In a wide-ranging interview with the Financial Times (January 8, 2020), the...
Subprime Loans Will Be Back with a Vengeance in 2020
One of the lasting legacies of the economic collapse a decade ago is subprime. After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Everything is subprime nowadays, as banks, finance...
Since Feeding the Homeless Is Illegal, Activists Carry AR-15s to Give Out Food, Supplies
Dallas, TX — Feeding and clothing the homeless in the land of the free has now become a revolutionary act. Luckily, however, there are still good people willing to carry that act out. In December 2014, the Dallas city council enacted Ordinance No. 29595, which makes...
Should we interpret the Constitution so the feds can oversee everything affecting more than one state?
The Constitution lists powers it grants to the federal government, reserving the rest in the states and the people. Over the last few decades, some federal powers—particularly those embodied in the Commerce Clause, Taxation Clause, Necessary and Proper Clause, and...
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