Jim Bovard exposes the false claim that Bill Clinton presided over a peaceful administration, pointing out the horrible atrocities of the “humanitarian” intervention in Kosovo. Clinton launched this intervention, says Bovard, as a distraction from his personal...
Trade
6/27/20 Mike Swanson on America’s ‘Zombie Firms’
Mike Swanson discusses the continuing economic fallout from the coronavirus, focusing in particular on what are sometimes called “zombie companies.” These firms stay afloat largely because of easy money available at low interest rates, even though their business may...
Exposing Jerome Powell’s Lies About the Fed and Inequality
If the heads of the Federal Reserve are to be believed, Fed policies do not make wealth inequality worse. When asked recently if the Fed’s policies widen inequality, San Francisco Federal Reserve President Mary Daly stated without reservation: “Not in my judgment.”...
A Rebuke of ‘Modern Monetary Theory’
[Review of Stephanie Kelton, The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy (New York: PublicAffairs, 2020).] I’ve got good news and bad news. The good news is that Stephanie Kelton—economics professor at Stony Brook and advisor to the...
The Federal Reserve is Getting Desperate
In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a...
6/19/20 Jeff Abramson on America’s Bloody Arms Industry
Scott interviews Jeff Abramson about America’s convoluted process for selling weapons to foreign governments. The arms trade is a multi-billion dollar industry for private firms like Raytheon—but it’s also a process that is highly controlled by the U.S....
How ‘Wandering Cops’ Exacerbate Police Abuse
In a previous post, I discussed how fired police officers are often able to get their jobs back by appealing their termination to independent arbitration and thus how only time will tell if the officers involved in the arrest and death of George Floyd will remain...
‘Defund the Police’: A Libertarian Moment?
The time is now for American libertarians to get together and publicly broadcast “the solution.” It is my belief that almost all long-time libertarians agree on this solution with perhaps slight variations. The internal debate is mostly in the practicality of the...
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