Milei’s Monetary Conundrum

The monetary route in Argentina appears to be entering a new phase, and some form of currency competition was implied in the July 2024 statements of Minister of Economy Luis Caputo. The route is akin to a regime where transactions are legal in multiple currencies, but only the peso holds legal tender status.

The Perpetual Struggle of Libertarian Candidates: Why They Face an Uphill Battle

The Libertarian Party was assembled in 1971 and has proven throughout its history to be a resoundingly-unsuccessful third-party venture in American politics. While libertarians are outspoken in their advocacy for individual liberties, limited government, and free markets, their presidential candidates have proven largely unsuccessful throughout history.

The New Minimum Wage Increase in Nigeria is a Pyrrhic Victory for Organized Labor

While organized labor across Nigeria is currently jubilant over their recent win in obtaining a minimum wage increase by fiat, every student of praxeology in Nigeria receives this news with mixed feelings and the utmost reservation, because we are cognizant of the outcomes which inevitably follow from such interventions in the free market.

Federal Jobs Report Slices Total Jobs in New Revision

The Bureau of Labor Statistics (BLS) today issued a major downward revision in total employment, telling us what more savvy observers of the federal jobs data already knew. Namely, that the employment situation isn’t nearly as strong as the federal establishment survey says it is.

The establishment survey is the employment survey that looks at total jobs—whether full time or part time—and not at total employed people.