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Michael Flynn, Lori Loughlin, and the Permanent Culture of Prosecutorial Abuse

Blog11 hours ago

It’s important to call the government and media on this unholy alliance, whether you view their targets as sympathetic or not. If we stay silent when they come for our enemies, they will ultimately come for us.

zombie stock market fed

There's No End in Sight to the Zombie Economy

Blog06/01/2020

Put simply, if it were not for accommodative monetary policy, these firms would have otherwise shut down by now. Once again, the Fed is refusing to allow the invisible hand to rein in the excess for fear a liquidity crisis, credit crunch, and worse.

Why Socialists Love the Phrase "It's Not Real Socialism"

Blog06/01/2020

A big reason that socialist ideology has staying power is the tactic of blaming the many failures and disasters of socialist regimes on the alleged fact the regimes "aren't real socialism."

Two Analogies for the Economy That the Media Keeps Getting Wrong

Blog05/30/2020

Ultimately, we need not rely on the government (i.e., the “king’s men” putting Humpty-Dumpty back together again). People acting freely in a marketplace could do it all by themselves. If only the government would let them.

Defining "Inflation" Correctly

Blog05/30/2020

The real problem with inflation, properly understood is that it is essentially a wealth transfer away from the most productive parts of the economy. This causes bubbles and economic fragility.

An L-Shaped Recovery Is Not an Anomaly, It Is the Norm.

Blog05/30/2020

The massive bailout of indebted sectors that already had overcapacity and were in process of obsolescence may also drive the largest wave of malinvestment in decades. If the previous recoveries came with poor wage and capital expenditure growth and high debt, the next one will likely be even...

Minneapolis Riots Are a Reminder That Police Don't Protect You or Your Property

Blog05/29/2020

Police are not legally obligated to provide protection from criminals. Nor are they motivated to go after hardened criminals or investigate violent crime. Self defense (or private security) is the only reliable option.

Notes on Trump's Executive Order for Tech Companies

05/29/2020Power & Market

Executive orders are inherently suspect and generally bad, not simply because of (at this point laughable) constitutional concerns, but because they establish another layer of de facto "laws" for which you and I have little legal recourse. 

The German Court's Unexpected Blow to the ECB

Blog05/29/2020

A high German court recently ruled that the European Central Bank has overstepped the bounds of its power. The angry response from high-ranking European bureaucrats tells us a lot about what they want for the EU.

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