Power & Market

Profits aren’t immoral—they’re necessary. Just as organisms need a net energy surplus to live, societies need profits to sustain themselves.

The latest bogus narrative of this sort comes from one of my readers who is convinced that Trump is right in denouncing those central bankers who inflate too little.

Those who hoped the second Trump administration would reject big spending, war, and restrictions on liberty continue to be disappointed. Prepare for another disappointment—REAL ID law.

President Trump is considering paying mothers $5000 per childbirth. However, the marginal effect of an extra $5K would nudge couples who are close to affording an additional child.

The government has been with us in the shower! The simple everyday annoyance created by government will now likely be heard by the Supreme Court.

Fiat money and state coercion have prevented us from seeing the threat to our well-being that would be apparent with sound money and true liberty.

The bond market is sending a message to the US government that its spending is out of control.

When constituting what a “well-regulated militia,” looks like, look no further than the first armed conflict of the War of the Revolution.

Higher prices and lower growth look to be on the horizon. Richard Clarida, a former vice chair of the Federal Reserve who now advises the Pacific Investment Management Company, told Bloomberg that he already sees a “whiff of stagflation” in the economy.

Rather than engaging in futile debates about reparations and colonial grievances, developing countries should focus on forward-thinking policies that drive progress.