After four years of unnecessarily confrontational foreign policy under President Biden, Americans elected Donald Trump in part for his promise to put America first at home and overseas.
Control and money. That’s what drives the war on drugs.
Even if all the practical challenges could be overcome, social economic calculation and planning are still impossible from a computation-theoretic point of view.
Though progressive reformers were met with mixed success, the theoretical shift away from natural rights left a lasting legacy in the American political landscape.
Reports of “dollar death” are greatly exaggerated and fail to answer a simple question: What is the alternative?
Let’s hope Trump succeeds in destroying the reputation of the Fed, but let’s also hope Trump doesn’t succeed in stacking the Fed with his own people.
No country needs the approval of others to adopt free trade. No harm and much benefit can accrue to the citizens of either country.
What we need from the Fed is for it to disengage, step back, and stop intervening to ensure a limitless supply of easy money.
If San Francisco truly wants to stamp out its black market in housing, it must return housing to the free-market principles of secure property rights and market competition.
Economics, at its core, is the study of cause-and-effect relationships—analyzing how scarce resources, which have alternative uses, are allocated.
