Power & Market

The Zero Interest Rate Policy (ZIRP) implemented by central banks during COVID continues to provide real world examples of the Austrian Business Cy

Deal-making is said to be President Trump’s specialty, yet after five rounds of indirect talks with Iran – most recently just days ago – we seem as

While no one is accusing egg producers of colluding or price-fixing, from an economic standpoint, it certainly could be happening either by design or incidentally.

Argentina’s central bank (BCRA) used to sell securities to commercial banks in order to withdraw money from circulation. Ironically, what was intended to restrict the money supply became a major source of its increase.

Mark Thornton ‪discusses the economic implications of the historically high gold-silver ratio, suggesting it may signal an impending recession.

Government protection and deposit insurance slows the inevitable—until it doesn’t.

In a sound monetary system and a free market, overall prices would generally fall as the economy grows faster than the money supply, enabling people to purchase more with their money.

The Wall Street Journal editors have made a monumental error in judgment. In a recent piece, they announced that the Trump administration has lost its trade war against Adam Smith, but there must be free trade in capital goods, not just consumer goods.

Bankruptcy in the short term is painful. In the long term, it is cleansing decades of poor federal government choices.

Centralizing electricity management is probably a mistake. It makes us collectively vulnerable to a single failure or attack and also inefficient.