The Theory of the Bottom 99 Percent: The Cantillon Effect
I want to dispel the claim in the minds of the establishment media that depicts free market Austrian economists as heartless advocates against the poor and shills for the rich.
Cue the Iranian “Regime Change” Puppet
Americans should know the “color revolution” drill by heart now. We are told that Ruritania is run by a terrible fanatic who is cruelly oppressing his people, is on the verge of acquiring weapons of mass destruction, is collaborating with our diabolical arch-enemy, and is sponsoring global terrorism. Unless the Pentagon spends billions and expends thousands of tons of deadly ordnance to get rid of the terrible Ruritanian madman, the entire region will go up in flames and millions of Americans will be slaughtered.
Bernanke’s Broken Promise: Is It Time To Shrink the Fed Yet?
Durham Police and Prosecutors Committed Numerous Crimes in the Duke Lacrosse Case – And Escaped Meaningful Punishment
Durham Police and Prosecutors Committed Numerous Crimes in the Duke Lacrosse Case – And Escaped Meaningful Punishment
Through a campaign of lying—aided by the police, the media, and Duke University’s administration and faculty leadership—Durham County District Attorney Michael Nifong was able to ram through false charges of rape, kidnapping, and sexual assault against three Duke University members of the lacrosse team. By June 2006, things looked bleak for the accused, as it became evident that Nifong might well succeed in getting the case to a jury, and then convincing those jurors to convict.
Five New Lectures from Last Week’s LSC and AERC Academic Conferences
The Immorality of Trump’s War with Iran Matters
Barbarians at the Redemption Gate
When interest rates are pushed artificially low in the midst of constantly-increasing costs of living, the avenues by which average Americans save and grow their wealth are limited. Frugality—demonstrated by spending less than you earn and socking away a portion of your income in bank CDs—becomes an exercise in frustration as widespread price inflation eats away any nominal increase in wealth.
In the ensuing search for higher yield, average Americans are pushed to take more risk in order to earn returns that have a chance of outpacing relentless price inflation.