Power & Market

Amazingly, Jerome Powell is claiming that recent asset price inflation isn't driven by monetary policy but by good news about vaccines. 

Let’s not be naïve. When this ends, many retail investors will be left holding the bag. But that doesn’t take away from the profits and losses made by others, and the signal that has been sent. 

The move toward decentralization and democratization of technology and finance—as shown by the Reddit-led charge against Wall Street hedge funders—is the shining lifeboat in the storm of bureaucratic chaos.

This month, UCLA economist William R.

Nowadays, any such limited-government words we might hear from politicians (like Biden’s promise to govern in the interests of all Americans) will again represent cognitive dissonance rather than commitment to principle.

In the United States, one can't so much as drive down the street or purchase cough syrup without government-issued identification. Yet federal courts consider it beyond the pale that voters confirm they are who they say they are.

One point to make here is that there is over 70 percent more submerged land in the US than the total amount of dry land in this country. That is, the federal government owns more submerged land than the total amount of land in the fifteen states.

The recent blowup of GameStop shares has revealed, if anyone was still doubting, that the center of clown world is not Washington, DC, nor Silicon Valley—but Wall Street. 

Over the past year, as violence has erupted in cities across the United States and even in the Capitol building in Washington, DC, partisans have r

The first year of this decade has given us time to pause and think about how the world stands in terms of global development.