Power & Market

A good definition of the tragedy of the commons is that “resources that are unowned and/or unownable will be plundered to extinction.”&

While the recent clamp-down on power from public universities has mainly been in the realm of speech and expression, like almost every other govern

The use of the woke agenda as an excuse to further politicize the allocation of capital and continue to expand the Fed’s easy money, low interest rate policy will hasten and deepen the next economic crisis.

It’s been said by democracy’s critics that the system is essentially two wolves and a sheep deciding what’s for dinner.

In banking, rapid growth isn’t hard to achieve, if you are willing to assume risk. In fact, rapid growth should always be questioned as a sign of possible undue risk taking. How about the Federal Reserve Banks? How much risk are they taking, and on whose dime? 

Robert Wenzel, the editor and publisher of Economic Policy Journal, has passed away.

In a thirty-minute lecture, Dr. Per Bylund looks at the history of the Austrian school and its future prospects in academia and beyond. 

The only way inflation could be defeated would be if periods of “negative inflation” existed. Unfortunately, this rare occurrence has only been for negligible amounts. It’s fair to say anyone alive today has only experienced perpetual price increases their entire lives.

The current narrative garnering ever increasing media attention goes something like this: “Inflation was extremely high in the 1970’s so the Fed raised rates and controlled inflation.”  But the true story is a bit more complicated. 

With the recent lack of availability in gasoline,