Real Wages Plummet as Inflation Hits the US Recovery
The headline 3.9 percent unemployment rate looks positive, but job creation fell significantly below consensus, at 199,000 in December versus a consensus estimate of 450,000. The weak jobs figure should be viewed in the context of the largest stimulus plan in
Price Inflation Is at the Highest Level since 1982. What Will the Fed Do?
According to new data released Wednesday by the Bureau of Labor Statistics, price inflation in December rose again to a new multi-decade high, rising to the highest level recorded in nearly forty years. According to the Consumer Price Index (CPI) for December, year-over-year price
Predictions for 2022
In this episode of Radio Rothbard, Ryan and Tho trade predictions for the year ahead. Topics include the importance of internal primaries ahead of next year's mid-terms, predictions on what the Fed will do with rising inflationary pressure, and what
The New Deal and the Emergence of the Old Right
[This article is taken from chapter 4 of The Betrayal of the American Right.] During the 1920s, the emerging individualists and libertarians — the Menckens, the Nocks, the Villards, and their followers — were generally considered Men of the Left; like
Money and Banking after World War II: A Study in Extremes
The history of money and banking in the United States since World War II is one of extremes. From stability to chaos, hubris to paralyzing fear, the era is perhaps best understood in terms of two roughly overlapping periods. The first, spanning
What the Regime Will Do to Fight Private Digital Currencies
During a confirmation hearing with the US Senate this week, Fed chairman Jerome Powell was asked about whether or not a digital currency issued by a central bank could exist side by side with private cryptocurrencies. Powell responded that there is nothing
The Jeffersonian Revolution
In this episode of Liberty vs. Power, Patrick and Tho look at the success of the Jeffersonians following the corruption of Hamilton's Federalist Party. With the support of Treasury Secretary Albert Gallatin, the Jeffersonian Administration is able to slash the
Gold vs Equity: Risk and Returns
Imagine you are a twenty-something-year-old working professional, who has just started to receive a monthly stipend. Fresh out of university, you are still researching investment avenues because everyone around you ranging from colleagues to parents has told you that you
Americans May Finally Be Losing Confidence in the Woke Military
No institution is exempt from the American public’s growing distrust of the federal government. Even the military, which has traditionally enjoyed broad support from Americans of all political stripes, is now seeing its otherwise pristine image take a hit. According to
The World That Might Have Been
Ludwig von Mises writes tragedy in the language of political economy. There is in man the very principle of frustration. Once, and perhaps for the first time, he did find the right way. Beginning with the optimistic social philosophy of 18th-century