Texas Says It Can Enforce Immigration Restrictions. Texas Is Right
However one may feel about immigrants, both historical experience and an honest reading of the US Constitution makes it clear that the federal government is not, in fact, empowered to enforce immigration. Original Article: "Texas Says It Can Enforce Immigration Restrictions.
The Stimulus Boom Is Already Over. Now Comes Stagnation.
The United States retail sales and jobless claims weakness, significantly below estimates, coincides with the largest fiscal and monetary stimulus in history. Something is not right when these figures come significantly below estimates in an environment of massive upgrades to gross domestic product (GDP).
Beyond the Fed: “Shadow Banking” and the Global Market for Dollars
[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in 2021.] Although it conjures up scary imagery, shadow banking is simply a term for banking operations that occur through financial
Interventionism Turns Crisis into Depression
Austrian economists have a well-developed theory that explains the boom, bubble, bust, and recovery. A good introduction to the Austrian theory of the business cycle can be found in Larry Sechrest's article "Explaining Malinvestment and Overinvestment." Larry wrote the article to
What Happens When the State Has Power over Adoption Agencies
In a surprising turn of events, the Supreme Court on Thursday ruled in favor of Catholic Social Services (CSS) and against the City of Philadelphia. Upon learning that the Catholic agency would not place children with same-sex couples as a
Imagining a Better Way: Foundations of a Healthy Healthcare System
"The groupthink that exists among scholars of healthcare, among policy makers, among politicians — even among the public — is alarming." A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and cost-sharing plans
No Bernie, Collegiate Athletes Do Not Need a Union
When we last saw Bernie Sanders at the Joe Biden inaugural bundled and wearing a mask, some of us hoped that Bernie would still be masked—and silent. Unfortunately, as it becomes increasingly clear that the Biden administration is wanting to
Bringing the Free Market to the Healthcare Bazar
A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and cost-sharing plans are just a few of the ways free-market approaches are changing the landscape. Our expert speakers will discuss several of
Is There Such a Thing as Good Inflation?
Last week a student in my MBA-level intermediate-macro seminar raised a provocative question. We were discussing the various kinds of (price) deflation and which kinds, according to Austrians, are benign and accommodate consumer preferences, and which are malignant and conflict
Rothbard’s The Ethics of Liberty Finale with Roberta Modugno
Professor Roberta Modugno joins the show to finish our look at Rothbard's seminal treatise on normative libertarianism, The Ethics of Liberty. Dr. Modugno elaborates on Rothbard's disagreements with Mises regarding ethical justifications for a free society, and defends his uncompromising