Silvergate Bank, Silicon Valley Bank, Signature Bank, and First Republic Bank fell like dominos in March–April 2023. The United States Treasury, Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) intervened in an unprecedented way to stall the domino effect. They waived the FDIC’s $250,000 cap on insured deposits at the failed banks, and the Fed instituted the Bank Term Funding Program to bail out any and all banks that run into trouble meeting depositors’ redemption demands.

The wordsmiths at the Federal Reserve wisely omitted the line about a “sound and resilient” banking system in its statement on January 31. That same day shares of New York Community Bank plunged when the bank announced a loss of thirty-six cents per share when analysts expected earnings of twenty-seven cents a share for the fourth quarter.

Progressives are celebrating yesterday’s Michigan verdict in which an Oakland County jury effectively overturned a couple of U.S. Supreme Court rulings from the early 1800s in order to enable prosecutors to convict people of crimes even though they did not break statutory law. According to the New York Times:

A Michigan jury this past week convicted Jennifer Crumbley of “involuntary manslaughter” after her then-fifteen-year-old son Ethan shot and killed four of his classmates at Oxford High School in 2021, using a gun that his parents had given to him as a present.

Money supply growth fell again in December, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. December’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years.

Rothbardians don’t worship the U.S. Constitution. In fact, Murray regarded the Constitution as a centralizing coup against the Articles of Confederation, which weren’t ideal either. But, as Murray also taught us, we have to decide how to cope with current realities to best advance the cause of liberty. Right now, the big danger comes from brain-dead Biden and his gang of neocon controllers. They want to gain control over the entire world. How do we stop them?

A rare instance of an unexpected consequence of a bad policy advancing liberty is the growth in private schools enrollment and homeschooling that occurred as a result of the covid lockdowns. An October 2023 study by Eloise Burtis and Sofoklis Goulas of the Brookings Institution found that 79 percent of American school-age children were enrolled in government schools in the 2021-2022 school year, down from 84 percent enrolled in government schools in 2019-2020.