In his valuable article “War and Humanitarian Intervention,” in The Routledge Companion to Libertarianism (pp. 441–56), Fernando R. Tesón raises some interesting criticisms of Murray Rothbard’s views on war as part of a more general discussion of the topic, and I’d...
Drugs are expensive. A vial of insulin can be up to $250 and a pack of pens can be up to $500. Every month, many families decide between life and food. For a country as rich as ours this is a disgrace and a moral crime. The culprit is the pharmaceutical monopoly. With...
After more than a decade of chained stimulus packages and extremely low rates, with trillions of dollars of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, the idea of a controlled explosion or a “soft landing”...
The Federal Reserve’s Federal Open Market Committee (FOMC) today announced an increase of 75 basis points to the target federal funds rate, raising the rate to 1.75% from 1%. June’s meeting today was the third meeting this year at which the FOMC has raised rates....
President Joe Biden has unveiled a three-part plan to fight inflation—or at least make people think he is fighting inflation. One part of the plan involves having government agencies “fix” the supply chain problems that have led to shortages of numerous products. Of...
Break out your mom's bell-bottoms and dad's leisure suit from your parents' attic. It's 1979 again (at least economically) Don't listen to the perpetual doomsayers who claim this is the beginning of the big crash. It's not. Yes, the American economy is a huge mess,...
Download Episode. Scott is joined by Mark Thornton, Senior Fellow at the Mises Institute, to discuss an article he wrote recently on the current housing bubble. They begin by discussing the damage that unbacked government-managed paper money does to the United...
The Wall Street Journal reports today that Twitter’s senior management and Elon Musk are in the final stages of agreeing on terms for Musk’s proposed takeover of the social media platform. Musk had announced on April 21 that he had $46.5 billion lined up—half in cash,...
https://youtu.be/HX9SZHeDaoY Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally...
The Government’s COVID-19 response was met with the obvious effects like the lockdowns that decimated the lives of millions to little to no effect on mitigating the spread, mask mandates, or even vaccination mandates. But underlying all of the obvious issues was that...
According to a new report released Wednesday by the US Bureau of Labor Statistics, the Consumer Price Index increased in March by 8.6 percent, measured year over year (YOY). This is the largest increase in more than forty years. To find a higher rate of CPI inflation,...
Ukraine is seeking tens of billions of dollars in financial aid from the International Monetary Fund’s Covid relief program. Kiev says it is in dire economic straits due to the Russian invasion, while the World Bank estimates the country’s GDP will drop by a staggering 45% in 2022.
Inflation. Today’s inflammatory word of the day. Apparently, I’m permitted to share critical thought in this regard since I majored in Finance and Econ in college, correct? I haven’t written anything on today’s other hot topic, Ukraine. With 13 years of military...
We live in an age of public health. Even in countries with private sector health care, government regulates and steers the practice of medicine. On the surface this may seem a positive. In theory it's an established framework to protect the patient and practitioners...
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