The Senate Banking Committee is set to vote next Tuesday on the nominations of Richard Clarida and Michelle Bowman. As I noted when both names were initially announced, neither’s history indicates any reason to think they will shake things up at the Fed. To his credit, Mr. Clarida did indicate during his Senate testimony that he strongly supports normalizing the Fed’s balance sheet and getting it away from direct credit allocation by purchasing non-Treasury assets.

Nomi Prins is a Wall Street veteran and expert on central bank mischief.

[Philosopher] Eric Mack [in his article “Permissible Defense”] uses a device employed by all too many libertarians—of holding the ideal free-market anarchist system or a limited government as virtually equivalent to the current State-ridden system. Thus, he points out quite correctly that isolationism makes no sense as a principle for a free-market protective agency; he leaps from there to the conclusion that, at least for an anarchist, it cannot be a binding principle for the State either.

The EU as a political construction is in a state of terminal decay. We know this for one reason and one reason alone: its core principle is the state is superior to its people. A system of government can only work over the longer term if it recognises that it is the servant of the people, not its master. It matters not what electoral system is in place, so long as this principle is adhered to.

In his early career, Mises was a vocal supporter of the free trade movement, and well involved in the policy proposals of the free trade associations in Europe. In his later years, he maintained his pure laissez-faire view of international trade, but focused more on the battle of ideas.

Back in 2015, I wrote an article titled “If Sweden and Germany Became Us States, They Would Be Among the Poorest States.” It is one of the most widely shared — and also most widely disparaged — articles on mises.org.

Tate Fegley, a 2018 Research Fellow, joined the Tom Woods show to discuss the perverse incentives that exist with government law enforcement, and how the private market would be a better approach to police services. 

To read more from Tate on the topic, check out his Mises Institute author page. 

In a recent article, New York Times columnist Paul Krugman was aghast at the draft memo outlining a Trump Administration proposal to subsidize nuclear and coal-fired power plants because of their superior resilience in the face of human or natural disasters.

The meat-grinder politics beginning with the 2016 campaign has triggered proposals to rescue us from a crisis of democracy. At least two authors — Jason Brennan, in Against Democracy and Dambisa Moyo, in Edge of Chaos — have suggested that letting more knowledgeable citizens’ votes count more might be a useful reform.