Power & Market

It strikes me as not a coincidence that governments choose experts whose advice usually leads to increasing the power of the state and the prestige of the politicians who run those states.

Should minors be able to vote? They don’t pay income taxes; many don’t work, and most are dependent on others. But that describes many adult voters as well.

As predicted by many, April's employment numbers were the worst ever recorded since the US government began making these estimates in 1939.

On the list of things that the government should not do, there must be a spot for the $750 billion corporate bond buying that is slated to begin th

In recent weeks, we’ve been keeping an ey

David Flattum by email points out that in the movie The Big Short, it is said that each 1 percent rise in the unemployment rate is as

The Fed continues in panic mode: just throw as much money at the problem as you can, and hope for the best. There is no end in sight.

The freedom to seek work in pursuit of making a living is a fundamental human right. Yet during the COVID panic countless government bureaucrats, cops, and other busybodies heedlessly insist that mass unemployment and human rights violations are "worth it."

What matters for the stock market is not the state of the real economy as such, but the state of monetary liquidity.

We must create income in order to create health. If we destroy income, we will destroy health. But in order to create income, we must produce goods and services.