Why AI and Big Data Cannot Plan an Economy
Contemporary academia’s equation of “science” with “measurement” represents a positivist assault on Ludwig von Mises’s praxeology, not due to his mathematical deficiency, but his superior ontological grasp.
Molinari on Secession, Monopoly, and “Freedom of Government”
[From Part IV, Chapter XV of The Natural Laws of Political Economy (Les lois naturelles de l’économie politique), first published in 1887.]
How can the US avoid National Bankruptcy?
The national debt is approaching $40 trillion. The size of the national debt raises several pertinent questions. At what point will growth in the national debt cause a financial crisis and national bankruptcy? How can such a crisis be averted? Can we rely on politicians to act soon enough to avert this crisis?
Why the Neutral Interest Rate Cannot Be Established
Most commentators are of the view that what prevents the attainment of price stability is the deviation of the policy interest rate, such as the federal funds rate, from the neutral interest rate, also known as the natural interest rate. The neutral interest rate, it is held, is the one that is consistent with stable prices and a balanced economy. According to this view, what is required is for Fed policymakers to successfully direct the federal funds rate toward the neutral interest rate.
Is Ukraine peace toast, now that the Middle East is on fire?
“Trump’s war on Iran has left Russia is in the catbird seat while trust regarding Washington’s role in the negotiations is at critical lows.”
US Intelligence Report Says Large-Scale War Unlikely To Achieve Regime Change in Iran
A classified report from the Nat’l Intelligence Council has found that even a large-scale US assault on Iran is unlikely to produce regime change.
Historic Japanese bond sell-off could threaten US Treasurys
“Analysts have warned that the sell-off in Japanese bonds could lead to higher U.S. Treasury yields, as it may discourage investors from buying U.S. bonds.”
Video shows US Tomahawk missile that killed dozens of little girls in Iran
The footage would appear to contradict US President Donald Trump’s claim that it was an Iranian missile that hit the school.
White House spokesman refuses to rule out a military draft
Asked about plans for a military draft, White House spokesman Leavitt said: “President Trump wisely does not remove options off of the table.”
The Cost of “Free”
Over the past weekend, from February 12 until February 15, Polymarket—in conjunction with the Food Bank For NYC—organized a pop-up grocery store in NYC that offered groceries entirely free of charge. Although the event was a short-term promotional stunt by Polymarket, it drew public praise from Mayor Zohran Mamdani, who has pitched similar interventionist ideas for grocery stores before.
