A Tale of Two Liberties
The twenty-gun HMS Buffalo departed Quebec on September 28, 1839, bound for Australia. Commanded by James Wood, the transport carried 150 crewmembers and 140 exiled passengers: fifty-eight French Canadians and eighty-two American Patriots; the voyage ensured the Upper and Lower Canadian rebellions
Monetary Calculation as a Tool of Action
1. Monetary Calculation as a Method of Thinking Monetary calculation is the guiding star of action under the social system of division of labor. It is the compass of the man embarking upon production. He calculates in order to distinguish the
Central Banks Have Been Hedging Rampant Regulation. Will This End Now?
The latest bout of inflation has exposed how central banks around the world have used easy money policies to help cover for the economic drag created by the regulatory state. Original Article: "Central Banks Have Been Hedging Rampant Regulation. Will This
How the Public Lost Trust in the Federal Reserve (Which Should Never Have Been Trusted in the First Place)
In a presentation last month, St. Louis Federal Reserve Bank president James Bullard remarked, “The current U.S. macroeconomic situation is straining the Fed’s credibility with respect to its inflation target.” It’s easy to understand why this might be the case. Statistics revealed
Germany Can Save Itself, and Possibly the World, by Abandoning Four Failed Policies
Germany's foray into green energy is turning out to be a disaster, but abandoning the green utopia is only the first stage for that country. It is time to put common sense and sound economics at the forefront of German
AB 257: Another Antieconomic California Boondoggle
After narrowly failing to make it through the California Assembly last year, AB 257 has been put back on the Sacramento agenda this year. Backers—unions and their Democrat operatives—think they can succeed this time. Now crunch time for that hypothesis
Everything You Love You Owe to Capitalism
I'm sure that you have had this experience before, or something similar to it. You are sitting at lunch in a nice restaurant or perhaps a hotel. Waiters are coming and going. The food is fantastic. The conversation about all
How Long Will This Recession Last?
The most important question for asset prices right now, from stocks to houses to Bitcoin, is whether we’re due for a recession. Last week we got confirmation that according to the traditional definition of a recession – 2 quarters of