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bubble

Yes, Paul Krugman, Booms Are Unsustainable

Blog5 hours ago

Austrians do not question booms because they don’t like prosperity or because they have character defects. Rather, Austrians understand that booms involve lines of investment in areas of production that cannot be sustained.

daycare

"Infrastructure" Is Now Anything the Government Wants To Do

Blog8 hours ago

Just as SJWs redefined justice as "social justice"—with big implications for how we view true justice—politicians are redefining infrastructure to justify even more government intervention in daily life.

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Pause

Biden Wants a Global Minimum Tax to Offset His Proposed Huge Corporate Tax Increase

Blog05/15/2021

Raising the US corporate tax would drive more capital out of the US. But the tax hike will be less risky if the US can get other countries to raise their tax rates as well. 

Vaccine Passports and Medical Paternalism

Blog05/14/2021

The world's regimes have long been devoted to regulating every aspect of "health" in accordance with what central planners want. The covid panic offered them an opportunity to greatly expand these powers.

America's Corporate Thought Police

05/14/2021Friday Philosophy

It is no surprise that the corporate media tends to showcase and honor experts whose views tend to reflect the views of media pundits and editors themselves. The idea that the public might prefer other experts leaves these pundits in dismay.  

These European Countries Beat Poverty and Increased Wealth with Low Taxes and Low Regulation

Blog05/14/2021

Social democrats love to denounce low-tax, probusiness regimes as "neoliberal" and as places with more poverty. But the reality is that parts of Europe that embraced markets most reduced poverty while making their citizens richer. 

The Swiss National Bank's US Stocks: $150 Billion and Counting

05/14/2021Power & Market

The Swiss National Bank has been printing money to buy US stocks. It's problematic, to say the least, when the US's central bank does such things. It's no different when the Swiss do it. 

The Socialists Who Supported Free Trade

05/14/2021Power & Market

Marc-William Palen has published an interesting new article titled “Marx and Manchester: The Evolution of the Socialist International Free-Trade Tradition, c.1846-1946.”

The US Government Is On Track to Top Last Year's Record-Breaking Deficits

Blog05/13/2021

The deficit for the year is pushing $2 trillion. And we still have five months to go until the end of the fiscal year. Only during World War II were the deficits so huge in relation to GDP. Meanwhile, the Fed continues to print money to buy more Federal debt.

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05/11/2021
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05/07/2021
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Power & Market Blog

These Are the Real Effects of a Minimum Wage Law

05/14/2021

A Synthetic Anarcho-Capitalist Perspective on Public Goods

05/14/2021

An Interview with Vaclav Klaus on Europe's Lockdowns

05/14/2021

Denying Reality Leads to Tyranny and Societal Failure

05/14/2021

The Swiss National Bank's US Stocks: $150 Billion and Counting

05/14/2021

How Entrepreneurs Serve the Public, Even without Turning a Profit

05/14/2021
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