Power & Market
Killing the Golden Goose: Millennials Earn Less Than Their Parents Did
For the first time in our nation’s history, 30 year olds are doing worse than their parents.
MMT and Boiling Frogs
As much as its proponents brandish accounting tautologies and purely descriptive claims about government finance, in the end it is 100% political. Their framework is about giving the State maximum power—power to expropriate and power to override what would prevail in unhampered markets.
Texas Governor Abbott Doesn’t Understand the First Amendment
On the 27th of March, Texas Governor Greg Abbott signed an executive order which had the purpose of curbing speech deemed as “anti-semitic” on all
A “New” Book of Essays by William Graham Sumner
"The state is the greatest monopoly of all; it can brook no rival or colleague in its domain; it is necessarily sole and supreme."
How Does the Federal Reserve Fit into Our Constitutional Order?
This article is adapted from a lecture delivered to the Federalist Society:
How House Republicans Outsource Campus Speech Limits to George Soros
This week, the House passed H. R.
Fraudulent Logic Guides the UK Smoking Ban
It is the waning days of the Sunak premiership, and the Conservative party still has a stonking majority despite its cataclysmic capitulation in th
The Federal Reserve’s Capital Has Now Plummeted to Negative $121 Billion
The Fed presumably has an “implied guaranty” from the Treasury, but it seems certain that Congress never dreamed that the Fed could experience the losses and the negative capital that are now reality.
TikTok Hypocrisy
President Biden’s campaign will continue using the popular social media site TikTok even though the president supported a provision in the military