[This appears to have been written while Professor Raico was a university student. No date is given. The paper was found in a folder in the Rothbard Papers.]

As a university student, as an heir of the Western tradition, and as a libertarian — on all three of these counts I was aroused by Mr. Buckley’s article, “Peace and Pacifism.” For he has, it appears to me, considered the just arguments neither of youth, nor of civilization, nor, even, of freedom, all of which will live or die, depending on whether it is to be peace or atomic war.

Llevamos tres meses con la nueva administración y más de un año desde el inicio de un poderoso estímulo monetario de final de ciclo (descrito también como “el toque Yellen” en el que se detuvieron todas las subidas de tipos planeadas para 2016) por parte de la Reserva Federal. Pero no hemos oído ninguna queja de los republicanos acerca de los intentos extremadamente tímidos de la Fed de acabar con su política de dinero ultrabarato. Se han centrado por el contrario en el Ryancare y el impuesto de ajuste de fronteras.

Fannie Mae and Freddie Mac still have housing blood on their hands from the 2008 financial crash. However, the giant GSEs, placed in government conservatorship in September 2008, have now, virtually all by themselves, created another bubble, this time in the multifamily rental market.

Fannie and Freddie made 53% of all apartment loans in 2016, that’s down from their combined 68% market share in 2012. So, their conservator, The Federal Housing Finance Agency (FHFA), recently eased the GSE’s lending caps so they can crank out, even more, loans.

The Wall Street Journal reports today that the US trade gap shrunk during the first two months of this year. 

Matt Drudge presented this report as evidence that the United States is “great again” with the headline in the usual Drudge fashion announcing “GREAT AGAIN: Trade Gap Shrinks as Exports Rise.” 

[Editor’s Note: This is part 5 of a multi-part series.]

The left has always been anti-economics for the simple reason that economics shows the real cost of progressive policy and government meddling in the economy. When this cost is pointed out, socialism in all shapes and forms necessarily appears less appetizing. The financial crisis, rhetorically made out to be a massive “market failure,” therefore fueled the anti-economics movement’s calls for a different and “more social” (that is, it overlooks some of the costs of progressive policy) economic science.

Looks like Trump may have another opening to get more influence at the Fed. The fallout from this remains to be seen:

In 2012 there was a leak of sensitive information that caused an investigation into the Fed. There was some heavy scrutiny of Yellen herself:

Yesterday, the California State Senate voted to prohibit agents from assisting federal immigration officers. As currently amended, the bill’s summary reads: