Citizens Financial Group Inc (CFG.N), PNC Financial Services Group (PNC.N), JPMorgan Chase & Co (JPM.N) and US Bancorp in NFL Draft parlance are “on the clock.” These banking white knights are thought to be among the bidders vying for the remaining carcass of First Republic Bank in an auction process being run by the Federal Deposit Insurance Corp, reports
In a recent lecture on her new book, Redressing Historical Injustice: Self-Ownership, Property Rights and Economic Equality, Wanjiru Njoya challenged current calls among some indigenous groups for “land justice” to redress the alleged historical injustices of European colonization. Drawing from Murray N.
Attention Austrian school economists and enthusiasts: Philipp Bagus and I are pleased to announce the release of our new two-volume book in honor of Jesús Huerta de Soto! “The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto” is a celebration of the life and work of one of the most prominent members of the Austrian school of economics.
The two-volume book offers a collection of essays from notable economists and scholars.
The current known federal debt is $31.7 trillion according to the web site, US Debt Clock, which is about $94,726 for every man, woman, and child who are citizens as of April 24, 2023. Can you write a check right now made payable to the United States Treasury for the known share of the federal debt of each member of your family after liquidating the assets you own?
The Misesian tradition provides essential insights into the nature of capital. From Frédéric Bastiat to Murray N. Rothbard, Austrian capital theory excels.
Bastiat illustrated gains from capital by giving us the anecdote of the neighbor who wanted to borrow a timber planer. Rothbard gave us the examples of royalties in the extractive industry to illustrate capital consumption. The list goes on. Often, capital’s exceptional output is because it behaves as both nonlinear and time specific.
