It is an overplayed cliché to refer to the insanity of the current year. Still, 2020 manages to surprise. It is increasingly looking like 2020 has created the greatest challenge to democratic legitimacy in the past century.

Today was a truly remarkable day in American history.

Covid-19 has unleashed a pandemic of restrictive measures on the population. Lockdowns and mask mandates are becoming widespread. Libertarians have been vociferously denouncing covid-19 containment strategies as draconian.

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Let’s clear up some misconceptions about Austrian economics.

If people want to dismiss this school of thought, which many seem inclined to do for political (not theoretical) reasons, at least they should do so based on facts and knowledge, not on falsehoods. Here are corrections: 

Trump’s lady-in-waiting for the Federal Reserve, Judy Shelton, is losing Republican support by the day. The Washington Post unleashed its comeliest columnist, Catherine Rampell, to finish off Shelton, whose primary negative is her past support for the gold standard and her questioning the need for the central bank at all.

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In spite of fierce opposition from numerous US senators—and countless screeds against her issued by pundits and establishment economists—Judy Shelton still has a chance of being confirmed to the Fed Board of Governors this week.