Power & Market

We are stuck in the middle of the road, far away from full socialism or the unhampered market.

The renaissance of industrial policy has been promoted by a breed of public intellectuals with considerable financial interests as they are well paid consultants for governments.

While we experience the predictable economic consequences of bad economic policies, the two main presidential candidates seem to be competing in an unspoken contest to demonstrate profound economic illiteracy. Unfortunately, whoever wins in this contest, we lose.

In 301 AD, Roman emperor Diocletian implemented price ceilings on over 1,200 goods. His edict shows that not much has changed regarding the politics and economics of price controls.

Democrats didn’t even bother to wait for their 2024 National Convention in Chicago to appoint their replacement presidential candidate, Kamala Harris, and to tout the new economic planks to be added to the party’s platform.

The totem words and adjectives we use to describe Israel, a perverse and pornographically murderous society, fail. One day flows into the next, each indistinguishable in the level of sadistic torture and carnage dreamed up by the IDF Einsatzgruppen.

A July poll shows that a majority of the American public does not support sending U.S. troops to defend Taiwan or Ukraine.

John Tamny and Jack Ryan get heretical about housing. They argue, in part, that owning a home comes with significant costs and may not be "worth it," however, individual consumers decide what costs they are willing to undergo and what is "worth it" for them.

The US will add another $2 trillion to the total debt this year, and the US is now spending a trillion of your dollars on interest per year. There is no end in sight.

The monetary route in Argentina appears to be entering a new phase, and some form of currency competition was implied in the July 2024 statements o