Some state governors are already reversing themselves on "reopening" their economies and issuing new edicts on which businesses will be forced to close. Don't expect a "V-shaped recovery" if this keeps up.
June 30 is Frederic Bastiat’s birthday.
It will be very interesting if the police—who did nothing to disperse protests that were obviously in violation of bans on mass gatherings—turn around and arrest business owners and other "violators" of a second round of stay-at-home orders.
For most fields of study, the goal is to progress ideas and seek truth. This doesn’t seem to be the case in economics.
In America, the person who declared a state of emergency (and can renew the emergency endlessly) is the same person who then uses the emergency to rule by decree. F.A. Hayek once pointed out how absurd such a system is.
It's easy to dismiss MMT out of hand, but the impulse to create something from nothing resides deep in the human psyche.
I have long been a fan of science fiction. I like it for the escapism it allows me.
In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begu
One of the most valuable foreign sources of libertarian thought comes from Wilhelm von Humboldt. His book, translated from German into English, titled The Sphere and Duties of Government was a major work in liberty.
In a bit of ironic vandalism, San Francisco protestors painted “bastard” on a bust of Miguel Cervantes and defaced it in other ways.
