The relationship between conservatism and libertarianism is a tenuous one. However, such was not always the case. Fellow travelers of both groups were united in opposing Roosevelt’s New Deal. The work of the late economist Murray N. Rothbard (1926–1995) on the “Old...
The ultimate purpose of this booklet is to give the reader a solid grasp of how money works in today’s world. Yet before diving into the particulars of central banks, repo markets, and LIBOR—all topics that will be covered in future chapters—we should first provide a...
US News The Justice Department says the FBI should not have spied on former Trump campaign adviser Carter Page. [Link] The US bars Iranians from receiving trade or investment visas. [Link] Treasury Secretary Steve Mnuchin says American CEOs should still do business...
On January 10, Secretary of State Mike Pompeo and Secretary of the Treasury Steve Mnuchin announced new economic sanctions imposed on Iran in response to its missile strikes against US forces in Iraq. The sanctions target enterprises operating in the manufacturing,...
Malcom Byrne at Unredacted reviews The National Security Archives released documents on the history of the Iran-U.S. conflict "Documenting Iran-U.S. Relations 1978-2015". A look back at the 40 years since the Iranian revolution of 1978-1979 – made possible by a new...
Seventy years ago, on January 8, 1950, one of the most famous economists of the 20th century passed away at the age of 66, Joseph A. Schumpeter. During and after his lifetime, he has been identified with two related ideas, the notion of the innovative entrepreneur and...
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...
Over the last few days, the United States and Iran came dangerously close to going to war. Thankfully, both sides backed down. The event which precipitated this latest crisis was the decision by the Trump Administration to unilaterally and illegally assassinate...
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