Commercial real estate in the US faces major problems despite efforts by the Federal Reserve System to prop it up. Bonds used to finance commercial real estate markets are being hit especially hard, and there is no relief in sight.
This week, David Gordon guides us through the thoughts of Kai Draper in his book, War and Individual Rights. Dr. Gordon praises a great deal of Draper's argumentation, but has some criticisms.
We have reached this point: the government keepers of money do not even understand what money is or why inflation is harmful. To them, the real threat to the economy is “deflation.”
Mainstream economists today examine economic phenomena from a “black box” perspective in which they look at inputs and outputs without trying to understand causal mechanisms that make the outcomes possible.
Murray Rothbard wrote that egalitarianism is a “revolt against nature.” Progressives claim that inequality harms society and is morally unacceptable, but in reality, it is necessary for division of labor, which enables social cooperation.
Although he has presided over numerous economic disasters and people are leaving the state, there are many who will want him for 2028.
In Europe, just as in the US, governments have decreed that “not enough” people are buying EVs. Now the French government wants to force more EV sales.
If the government’s primary job were, as we’re taught, to protect the lives and property of the American people, then avoiding a nuclear exchange would be its single greatest priority.
One does not need to be an advocate of open borders to have concerns when one hears about a federal law enforcement agency engaging in a “crackdown.”
While most of us are familiar with Gresham‘s Law, we should remember that it does not mean that bad money is preferred to good money. Instead, it refers to a situation in which government mandates that inferior and superior money legally have the same face value.
