How Much Control Does the Central Bank Have over Interest Rates?
It is a commonly accepted view these days that the central bank is a key factor in the determination of interest rates. By this way of thinking, the Fed determines the entire interest rate structure by influencing the short-term interest rates. The
The West Must Stop Trying To Expand NATO into Ukraine
The US and NATO must do as little as possible to contribute to the conflict in Ukraine. This especially includes continuing to arm Ukraine and insisting that it has a future in NATO. Original Article: "The West Must Stop Trying To
A Slave-Based Economy Is Nothing Like a Dynamic Capitalist One
The "new history of capitalism" has reprised the debate on the economic viability of slavery by rebranding it as an institution with a propensity for innovation and long-term growth. This group of scholars attempts to recast slavery as an institution
Life Expectancy in 2020 Fell 2.3 Percent to 77 Years. Does This Justify the Covid Panic?
According to a new report released Wednesday by the Centers for Disease Control, the life expectancy at birth in the United States fell to 77.0 iyears n 2020, falling from 2019’s life expectancy of 78.8 years. The report also noted
The Fed’s Dovish “Tapering” and the ECB
This week, the Federal Reserve gave the most dovish “hawkish” statement ever, an apparent aggressive tapering that, in reality, means maintaining very low rates and massive repurchases for longer. Inflation has skyrocketed and aggressive monetary policy is the key factor in understanding it.
Theory and History
In the first episode of the Liberty vs. Power Podcast, Tho Bishop and Patrick Newman take a deep dive into the intellectual framework of Rothbardian historical analysis. This includes looking at the "conspiracy analyst" as a praxeologist, identifying what personal
State-Level Secession Isn’t Enough. The States Themselves Must Be Radically Decentralized.
The benefits of decentralization don't stop at the state level. State governments themselves must be broken up into decentralized confederations that allow for local vetoes, local sovereignty, and regional autonomy. Original Article: "State-Level Secession Isn't Enough. The States Themselves Must Be
Covid Lockdowns Will Be Remembered as One of the Greatest Policy Failures Ever
Lockdowns were one of the “greatest peacetime policy disasters of all time,” concludes Professor Douglas Allen in a paper just published by the International Journal of the Economics of Business. Elsewhere, a team of researchers with the National Bureau of Economic Research “failed to
Nirvana Economics: How Treating the Real World like an Imaginary Ideal World Leads to Trouble
A lot of economic policy is based on "economics" which makes assumptions that have very little to do with actual reality. Original Article: "Nirvana Economics: How Treating the Real World like an Imaginary Ideal World Leads to Trouble" This Audio Mises Wire
What Chicago’s Mayor Gets Wrong about Private Security
After the recent spate of retail thefts and looting, Chicago mayor Lori Lightfoot chided businesses for not doing enough to protect themselves from theft. Fox 32 Chicago quotes her: We also got to push retailers. Some of the retailers downtown and