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Hayek for the 21st Century: Essays in Political Economy

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Richard Werner’s Credit Creation “Experiment”: How Do Banks Create Money?

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Richard Werner discussed three different views of banking during his appearance on the Tucker Carlson show:

Tariffs Won’t Spawn Good Trade Deals

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In previous “Tariffs Won’t . . .” articles, I pointed out that President Trump’s tariffs won’t reverse the decline of America’s industries, save the US dollar, or optimize the well-being of productive Americans.

Tariffs Won’t Spawn Good Trade Deals

Submitted by Judy on Thu, 08/14/2025 - 11:00
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The Ambiguous Nationalism-Patriotism in Brazilian Politics

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When President Donald Trump announced a 50 percent tariff on imports from Brazil due to political persecutions against his former ally, ex-President Jair Messias Bolsonaro—who is currently ineligible to run for office and facing

The Ambiguous Nationalism-Patriotism in Brazilian Politics

Submitted by Judy on Thu, 08/14/2025 - 07:00
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The Oklahoma City Bombing: A Lesson in Government Lawlessness

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[Blowback: The Untold Story of the FBI and the Oklahoma City Bombing by Margaret Roberts. (Bombardier Books, 2025; 399 pp.)]

The Oklahoma City Bombing: A Lesson in Government Lawlessness

Submitted by Chad on Thu, 08/14/2025 - 05:00
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Is Increased Inflation Due to Increased Tariffs?

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The BLS has reported a slight uptick of the CPI inflation rate, to 3.1 percent. Reporters who dislike Donald Trump are assuming that this uptick in price inflation must be due to President Trump’s tariffs. This is really no different than when people who disliked Joe Biden falsely blamed inflation on his fiscal deficits.

Las Vegas Chokes the Golden Goose

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There was a day when Las Vegas’s economy was driven by Benny Binion’s simple philosophy: “Good food, good whiskey cheap, and a good gamble.”

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