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Decentralization, Absolutism, and the Papal States

Blog05/05/2021

The Papal States offer a helpful case study in understanding the transformation of Europe in the nineteenth century. Unfortunately, Kertzer's study on the topic is couched in faulty notions of enlightenment and medievalism. 

Gordon review TA Mar April 2021 Wire

The Sterility of Intellectual Standardization

05/05/2021The Austrian
Devine responds to the critics who claim that capitalism is increasingly under attack because it promotes a collapse of moral values. Devine is fully capable of handling these accusations and has written a book worth reading.

What Happens When Governments Force Corporate Boards to Appoint More Women

Blog05/05/2021

Recent legislation in California mandates more women on corporate boards. This is supposed to shift the balance in corporate America in favor of female employees and managers. It doesn't seem to be working. 

Monetary Pumping and Idle Resources

Blog05/05/2021

A loose monetary policy that is aimed at boosting use of idle resources won't work. Idle resources only become profitable and efficient when we have enough real savings. Unfortunately, easy money policies destroy real savings. 

Political Competition vs. Market Competition

Blog05/04/2021

In a market economy, it is not the warlord or strongman who seizes control and lords it over his subjects. Rather, it is the common man as consumer who sets the terms for victory in the marketplace.

The Ruling Class Only Cares about Democracy When It Helps Them

Blog05/04/2021

Democracy is only acceptable when the outcome is what the ruling class wants. Fortunately, the federal courts are always handy to overturn the results of free elections. 

Cops Beat Up an Old Lady and Then Laughed about It. Where Were the "Good Cops"?

05/04/2021Power & Market

After police beat up an elderly woman and denied her medical care, the arresting officers proceeded to laugh about her injury, fist bumping and declaring "I love it" as they watched video of the brutal arrest. Now imagine if a private firm did this. 

The Fed Finally Gets Some Tough Questions. And Fails to Answer Them.

05/04/2021Power & Market

Between various tests to determine policy, vague responses, and a general avoidance of answering questions directly, Powell didn't offer much other than a plan for providing perpetual liquidity injections under accommodative monetary conditions.

Why Is There No Correlation Between Masks, Lockdowns, and Covid Suppression?

Blog05/04/2021

Those who demand government-enforced lockdowns and mask mandates still can't seem to explain why we still can't find a correlation between lockdowns and covid infections or between mask wearing and mask mandates. 

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