Anarchist’s Progress
The Majesty of the Law When I was seven years old, playing in front of our house on the outskirts of Brooklyn one morning, a policeman stopped and chatted with me for a few moments. He was a kindly man, of
Ron Desantis Plans to Revive Florida’s State Militia
Genuine change will likely come only through muddling through at the state and local level. That kind of work will be instrumental in the creation of decentralized alternatives to our present political order. Original Article: "Ron Desantis Plans to Revive Florida's
Inflation or Recession? The Fed Faces a Choice.
On December 15, the Federal Reserve announced numerous quantitative tightening measures that have the intended goal of combating the rising inflation that has been bogging down the American economy. As of November 2021, the rate of inflation has reached 6.8
America’s Wars Are Far More Costly than the Pentagon Admits
The true cost of America's wars—in lost productivity, resources, and opportunity cost—is far higher than even the official numbers of trillions spent on the Pentagon's many failures. Original Article: "America's Wars Are Far More Costly than the Pentagon Admits" This Audio Mises
Japan’s Inflation Is Hidden Behind Central Bank–Financed Subsidies
Whereas inflation rates in the US and Europe have risen steeply in the course of the year 2021, consumer price inflation in Japan stood at 0.1 percent for October 2021 (Figure 1). Also, Japanese producer price inflation of 8 percent
Poland-Belarus Migrant Crisis
As this is being written, there are thousands of migrants stranded at the Poland-Belarus border trying to enter Western Europe but are being denied entry at the border by armed guards. This issue has been ongoing for months now and
The First Economics Lesson
Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that
Why the Debt Ceiling Won’t Limit Debt or Spending
Not surprisingly, both houses of Congress approved another increase in the debt ceiling and have sent the bill to President Biden, who will most assuredly sign it. The bill raises the debt ceiling to $31.5 trillion. This debt ceiling is
Could 2022 Bring the Collapse of the Euro?
Like the Fed, the ECB is resisting interest rate increases despite producer and consumer prices soaring. Consumer price inflation across the Eurozone was most recently recorded at 4.9%, making the real yield on Germany’s 5-year bond minus 5.5%. But Germany’s