Power & Market

Two new issues of the Quarterly Journal of Austrian Economicsare now available online.

The Fed now says of its "emergency" powers: "When this crisis is behind us, we will put them away." We'll believe that when we see it.

Should the risk of bond default, trading losses, interest rates risk, propping up “zombie companies” and countless other effects not be addressed by the Fed?  Few seem to care if it is.

Ultimately, MMT is popular with politicians, because it's a theory that justifies ever higher levels of government spending.

Like many people, there was once a time when I visited the Drudge Report multiple times per day.

Since the COVID-19 shutdown began, the media has framed it as a shutdown of the economy, making resistance to it appear to be about putting profit

The truth is that all government programs and all laws cease to be enforceable if police truly go away, but it must be recognized that the practical answers about how to provide services, including eternally necessary police services, after the Great Defunding will have to come from libertarian thinking.

Central banks can heavily distort interest rates, but it's human action and time preference that ultimately decide interest rate levels.

A CHAZ undertaken by Rothbardians is a move in the right direction.

June 14 marks Flag Day, commemorating the Second Continental Congress’s authorization for a new American flag.