Foreword by Thomas E. Woods, Jr.

In the wake of the financial crisis of 2008, the economics profession suffered a blow to what reputation it had. But unlike most of his colleagues, Mark Thornton was vindicated by 2008. Mark has been a voice of sanity at times when the wild interventions of the Federal Reserve have caused otherwise sensible people to lose their minds.

One rule of thumb I’ve adopted is: whenever the idea that the business cycle may have been tamed forever starts to become mainstream, the bust is around the corner.

Inspector General’s Report on FBI and Clinton’s Emails Shows Secrecy Threatens Democracy

Yesterday’s Inspector General report on the FBI’s investigation of Hillary Clinton contained plenty of bombshells, including a promise by lead FBI investigator Peter Strzok that “We’ll stop” Donald Trump from becoming president. The report reveals how unjustified secrecy and squirrelly decisions helped ravage the credibility of both Hillary Clinton’s presidential campaign and the FBI. But few commentators are recognizing the vast peril to democracy posed by the sweeping prerogatives of federal agencies.

The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century

Trump’s Two Biggest Trade Myths

On March 22, Donald Trump announced a new series of tariffs on products coming from China. When Trump announced the measures, he assured everyone of two things: First, the move would “make the country stronger and richer.” Second, the trade deficit with China, supposedly amounting to $375 billion, was “the greatest deficit of any country in the history of the world.”

The Problem with Government Licensing Schemes

According to conventional wisdom, one of the prerequisites for a civilized society is a system of government enforced licensing of numerous occupations.

Licensing laws establish the standards (e.g. educational) to be met before people are legally permitted to sell specified services. The government says the safety and wellbeing of consumers impels it to enact these laws, which ensure the superior quality of various products and services purchased by consumers, as compared to what would be available in the absence of such laws.

Net Neutrality Is Dead — But Now Some States Want to Revive It

It’s dead. No, not the Internet. Net neutrality. After months of legal challenges, public backlash, and Democrats trying to overturn it, the repeal of net neutrality has finally been completed. You can now count to three and wait for the likes of John Oliver and Senator Bernie Sanders (I-VT) to hysterically declare – yet again – that the internet is coming to an end and that the only webpage you will access for free is DonaldJTrump.com.

Three Non-Libertarian Books You Should Be Reading

Whatever our faults, it can never be said that libertarians need to read more. I’ve never known a group of people to consume such large doses of dense and dismally boring literature than the liberty community. However, I sometimes get the impression that our literary excursions rarely deviate from our own literature. This is understandable, of course. With tireless scholars like Murray Rothbard among the ranks of liberty writers, our reading list never ends.