Power & Market
3 Common Criticisms of Crypto—and Why They’re Wrong
Peter Schiff is a well-known critic of bitcoin, and while he is an excellent resource on many economic and political topics, he misses the mark on
Be Very Afraid: Why Today’s Bureaucrats Love Fear-Based Politics
What is the evidence for the plethora of bureaucrats who want us to worry more? Observe the massive outpourings of these "worrycrats"—over TV, radio, and in the press—about lung cancer, heart failure, mercury, seat belts, and more.
The Real Tax Scandal
Federal income taxes are almost entirely about control and not revenue. The byzantine rules and selective enforcement are perfectly designed to keep ordinary people with limited means in mortal fear of the IRS.
Kashkari Said What?
Right now there’s a big debate happening in economic circles about, is the economy overheating with all of this fiscal stimulus, are th
Bond Trading at the Fed
"Since the Fed cannot measure or even clearly identify the effect of its intervention, it becomes impossible to say whether the intervention was a successful endeavor."
Pregnant Woman Tries to Comply with Police Orders, Then the Cop Attacks Her
Pregnant Nicole Harper was doing what she was supposed to do: she was slowing down and signaling that she was looking for a safe place to pull over. That's when a state trooper decided to flip her car over.
El Salvador Blazes the Path to Bitcoinization
An unbanked population, an economy dependent on remittances, and dollarization. These combine to make El Salvador a perfect case study for bitcoinization.
Biden and the Fed Are Creating an Inflation Crisis
Policymakers are headed to an economic cliff, which will lead to uncontrolled inflation and a recession.
Can the Fed’s Portfolio Ever Return to Normal?
Everyone knows the Fed cannot continue to buy assets indefinitely; yet, it’s difficult to picture a world where the Fed does not buy assets indefinitely. The effects on various markets, such as stock, bonds, or housing seem unfathomable.