More Evidence the American Economic “Recovery” Will Disappoint
The University of Michigan consumer confidence index fell to 82.8 in May, from 88.3 in April. More importantly, the current conditions index slumped to 90.8, from 97.2 and the expectations index declined to 77.6, from 82.7. Hard data also questions the strength of
Let’s Level the Playing Field between the Dollar and Competing Currencies
Thanks to so many government restrictions on the use of potential monies that aren’t the dollar, we can only guess as to what the relationship between dollars and bitcoin would be in a functioning marketplace. But it doesn't have to
Does Bitcoin Use “Too Much” Electricity?
Elizabeth Warren has decided that bitcoin mining uses "too much" electricity. This raises an important question: Is Senator Warren qualified to decide on the "correct" amount of electricity usage? Original Article: "Does Bitcoin Use "Too Much" Electricity?" Narrated by Jessica Hill.
“People over Profits” Is a False Creed
The slogan People over Profits once again is being heard in Washington and elsewhere in the country. This time, however, the sloganeering doesn’t come from Jane Fonda or Bernie Sanders (although both have used that mantra for many years) but rather
The Political Animal: Aristotelian Metaphysics for Austrian Schoolmen
ABSTRACT: This essay aims to introduce the Austrian community to the metaphysical principles of political life first discovered by Aristotle and subsequently clarified by Thomas Aquinas. I begin by contrasting the Aristotelian perspective on social cooperation to that of mainstream
The Theory of the Political Spectrum
ABSTRACT: This article introduces a new approach to the problem of political spectrum polarization. Political science has introduced a multitude of spectrograms based on different factors, dimensions, axes, and cardinal points. Most often the graphics do not complement each other,
Forget Hemlines. Mom Jeans Are Now an Economic Indicator.
There was once something called the Hemline Index introduced by economist George Taylor in 1926. The idea was that the hemline of women’s skirts signed where the economy and/or the stock market were headed. Short skirts meant good times; a falling economy was
How Covid Put an End to Your Right to Due Process
The covid panic brought an end to due process in many ways. Among these are the end of speedy trials and the end of a timely hearing for landlords to obtain evictions. Meanwhile, governments have seized private businesses with no
Foreign Investment Is a Good Thing
The American economist Henry George once said of protectionism is the way to inflict on ourselves in peacetime what our enemies inflict on us in wartime. Note, in fact, that the American leaders ban American investments in Iran—so the American
Why Economic Models Can’t Provide a Realistic Picture of Human Behavior
While in the natural sciences a laboratory experiment can isolate various elements and their movements can be followed through, there is no equivalent in the economic discipline. The introduction of econometrics and model building is an attempt to produce a