Scott Sumner on Why the Bernanke Fed Was Too Tight
Scott Sumner is a monetary economist with the Mercatus Center. He famously argued in late 2008 that the Fed was too tight with monetary policy, and eventually he has convinced many economists of his views. In this episode he explains
Is the Subjectivist Theory of Value Ideological?
According to Marxists, the subjective theory of value is just bourgeois apologetics. By using the subjective theory, economists conceal the fact that the proletariat under capitalism is exploited. The labor theory of value shows that labor is the source of
New York Politicians Have No Idea How to Fix the Subways
New York City subways are in deep financial trouble and the quality of service is in a downward spiral. Yet even talking about privatization is verboten. Original Article: "New York Politicians Have No Idea How to Fix the Subways" This Audio Mises
Canadian Secession: Then and Now
Just as Canada had the right to secede from Britain, so too do the provinces and territories have a right to secede from Canada. Today, secession may be Alberta’s remedy against the Canadian regime's abuses. Original Article: "Canadian Secession: Then and
Texas Says It Can Enforce Immigration Restrictions. Texas Is Right
Texas Governor Greg Abbot yesterday announced that the State will build its own borders wall, and will jail anyone "who enters our state illegally and is found trespassing, engaged in vandalism, criminal mischief, or smuggling," Moreover, Abbot announced plans to pursue
Much Ado about Nothing in the Art Market
Nothing will come of nothing. Shakespeare, King Lear If, as we are often told, the aim of art is to shock the bourgeoisie, then the contemporary art scene has become positively electric of late. In the most recent aesthetic outrage, a Sardinian
Democracy According to The Office
It’s been said by democracy’s critics that the system is essentially two wolves and a sheep deciding what’s for dinner. But to its defenders, democracy has been described as an ethical ideal and a way of life—these conceptions nearly implying
Why the US Supports Secession for Africans, but Not for Americans
The twentieth century was a century of secession. Since the end of the Second World War, the number of independent states in the world has nearly tripled as new states, through acts of secession, came into existence. This was driven
Jeff Deist on Black Rock and the Repo Crisis
Jeff Deist and David Gornoski talk about some of the recent news and relevant topics such as the buying up of homes by Black Rock; the federal reserve’s connection to big corporations; the out of control state of the Fed’s
With Capitalism, Cooperation Is Just as Important as Competition
It has often been asserted that we should cooperate rather than compete in society. For instance, FDR said, “Competition has been shown to be useful up to a certain point and no further, but cooperation, which is the thing we