Black Swans, Sequestered Capital, and the Next Bust
Black swans don’t cause crashes: they reveal them. Mark Thornton shows how easy money breeds “sequestered capital” in opaque assets, priming the next bust.
Black swans don’t cause crashes: they reveal them. Mark Thornton shows how easy money breeds “sequestered capital” in opaque assets, priming the next bust.
Newly released jobs data this month shows that the jobs narrative from the media was based on bogus numbers.
From interstate wars to local stabbings, violence is the ultimate expression of political action.
Modern political life in the U.S. is increasingly defined by violence and toleration of violence against one's perceived enemies. The murder of Charlie Kirk has exposed the left's endorsement of deadly violence as a political tool.
Senator Tim Kaine’s definition of “rights” as things created by government and human law is extremely dangerous because a government that creates rights can also abolish them.
Political elites insisted that the 9/11 attacks occurred because the US Government lacked power and authority. Unfortunately, the elites got their wish and Americans received war, economic calamity, and massive government debt in return.
Since becoming president, most of the actions taken by President Trump have been anti-economic growth, and the US economy now is sputtering. Unfortunately, Trump seems to believe that a combination of trade restrictions and inflation is what the economy needs.
Bob analyzes the myth of Federal Reserve independence, exposing its political nature and long history of serving power.
Red + green = brown. Mark Thornton shows how towering debt and easy money set the stage for hyperinflation.
Jonathan Newman joins Ryan and Connor this week to discuss the latest developments in Trump’s campaign to “takeover” the Fed, the current state of the jobs market, and the misconceptions people have about how economists value the choice not to work.
President Trump has deployed naval vessels off the coast of Venezuela, citing its escalation of the war on drugs. However, the true motivation for Washington’s involvement in the region is likelier related to disputed oil claims affecting well-connected energy companies.
Peter Klein joins to discuss the Mises Institute's new book, Hayek for the 21st Century—exploring knowledge, competition, money, and why freedom beats central planning every time.
Hoppe is an exacting analyst of what works, not an architect of upheaval.
San Francisco politicians have made it so difficult to build new housing that a black market for apartments has emerged.
Assistant editor Joshua Mawhorter joins Tho Bishop and Connor O’Keeffe on the Power and Market Podcast. The three discuss Trump’s acquisition of a stake in Intel, consider how monetary policy contributes to a lot of the national health problems MAHA is focused on, and react to Jerome Powell’s Jackson Hole speech.
The federal government taking an ownership stake in Intel is neither a promising new approach to governance nor an unprecedented leap into economic fascism.
Charlie Kirk blames cannabis for social decay, but Mark Thornton shows it’s Progressive policies, not personal liberty, that fuel addiction, welfare dependence, and urban breakdown.
Rothbard argued that the Fed stripped away the natural checks of free banking, paving the way for endless credit expansion and inflationary cycles.
Economist Jeff Degner joins Ryan McMaken to discuss how inflationary monetary policy has changed our culture, and the family with it.
On this episode of Power and Market, the roundtable talks about a new brewing scandal involving the Fed, revisits the conversation on nationalizing Washington, DC, and the new "golden age" of the Smithsonian.