The Rise of the State and the Fall of Natural Law
In the wake of WWI, Pope Pius XI reminded his readers that governments instituted by men can never be perfect, and they cannot even be good if they neglect natural law.
In the wake of WWI, Pope Pius XI reminded his readers that governments instituted by men can never be perfect, and they cannot even be good if they neglect natural law.
As government continues to engage in reckless actions from inflation to starting wars, people develop shorter time horizons, creating social vacuums. Increased gambling and other irresponsible behaviors then fill the void.
In theory, the Constitution should safeguard individual liberty by giving citizens a bulwark against state tyranny. However, the Constitution actually advanced federal government power or failed to ultimately prevent it.
Socialists and progressives demand that the US adopt a “single payer” healthcare system in which the government provides “free” healthcare. However, “free” healthcare is not free at all, as medical care consists of scarce goods which always come as a cost to someone.
President Trump recently accused the New York Times of treason because the paper printed something he didn’t like. Unfortunately, Trump is not the only person to designate the crime of treason to actions that are not even criminal.
Bob uses three recent controversies–Richard Murphy’s “Christmas all year” claim, Elon Musk’s net worth, and Ron DeSantis on the Great Depression–to clear up common economic fallacies about work, wealth, and wartime spending.
The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”
The Maidan Massacre of February 2014 supposedly involved Ukrainian government troops tied to President Viktor Yanukovych, a Russian ally, leading to his overthrow. But what if it was a false flag operation done to make people blame the government?
Mark Thornton appears on Metals and Miners with Gary Bohm and shares Austrian perspectives on 2026's outlook, deflation benefits, and why government intervention fails.
Camillo Tarello was one of the fathers of modern agriculture. Fighting the headwinds of state disapproval for his innovative farming methods, he made many agricultural discoveries, benefiting not only his fellow Italians, but future farmers around the world.
Historically, it has been very poor manners in Washington to admit that keeping home prices high is a deliberate policy. High prices are not the "unintended consequence" of good intentions.
Shortly after hearing about the birth of Jesus, Herod the king tried to have the child murdered. Indeed, Herod's oppressive rule and the predations of the Roman state play a huge role in the Christmas story.
All children eventually learn that the presents under the Christmas tree come from family and friends, who must pay for them with their own money, and not from Santa Claus.
Scrooge was never mistreated by his nephew, by Cratchit, or by those seeking charitable donations. Scrooge was always free to refuse them all.
Father Frost (the Soviet Santa Claus) asks: "To whom do we owe all the good things in our socialist society?,” to which, it is said, the children chorus the reply, "Stalin."
With employment fundamentals so weak, the real way to increase home sales is to cut prices further. That, of course, is not what sellers want to hear.
Gold is up, bitcoin is cooling, the yield curve turning. 2026 could un-invert the story.
Instead of market competition, inflation forces young and old into rivalrous competition for housing.
Ryan and Josh Mawhorter talk about how Thomas Hobbes, even nearly 400 years later, remains a popular spokesman for almost limitless state power. In fact, by Hobbes's logic, the world should by ruled by a single global dictatorship.
On this episode of Power and Market, Ryan, Tho, and Connor reflect on what they view as the biggest stories and themes of the year.