Biden’s Rescue Plan Won’t Reduce Poverty
Imagine thinking the government can reduce poverty. For most readers of this website, the thought is laughable. And for good reason. The government has no resources of its own. Every dollar it spends it must first either tax, borrow, or print.
Why AERC Remains One of the Few Venues for Real Intellectuals
Starting Friday, the Mises Institute will be hosting the Austrian Economics Research Conference, an event I consider one of the highlights of the year. What makes AERC a particularly unique event is that it provides a platform for Austrian scholars—and intellectual allies—to
Community and Civil Society over State
Raghuram Rajan has written a surprising book. Now teaching finance at the University of Chicago, he is an international bureaucrat in good standing, and not a minor one at that; he was chief economist of the International Monetary Fund. Yet
They Said Things Would be Much Worse in States without Lockdowns. They Were Wrong.
Like nearly all US states, Georgia imposed a stay-at-home order in March 2020 in response to demands from public health officials claiming a stay-at-home order would lessen total deaths from covid-19. But unlike most states, Georgia ended its stay-at-home order after
How a Small Rise in Bond Yields May Create a Financial Crisis
How can a small rise in bond yields scare policymakers so much? Ned Davis Research estimates that a 2% yield in the US 10-year bond could lead the Nasdaq to fall 20%, and with it the entire stock market globally. A
The Never-Ending Battle between Leviathan and Liberty
The notion that Americans will always be free is part of the catechism that is force-fed to public school students. For hundreds of years, philosophers, politicians, and reformers have touted a law of history that assures the ultimate triumph of
Why a Green New Deal Is More Expensive Than Joe Biden Realizes
Wind and solar power can work well when placed in an ideal location. Much of the time, however, these projects require a lot of fossil fuel to produce, but then never deliver the promised "zero-carbon" energy. Original Article: "Why a Green
It’s Time for the US to Withdraw from Korea
Pulling troops out of South Korea is an important step in changing the conversation on American foreign policy, which is swamped in platitudes of promoting missionary enterprises abroad and finding new bogeymen to confront. Original Article: "It's Time for the US
Bulls, Bears, and Beyond: In Depth with James Grant
James Grant is editor of Grant’s Interest Rate Observer, which he founded in 1983. He is the author of nine books, including Money of the Mind, The Trouble with Prosperity, John Adams: Party of One, The Forgotten Depression, and more
The Destructive Power of Keynesian Spending Plans
According to John Maynard Keynes, The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves