Power & Market

First, release a very positive jobs numbers; then, release a revised, lower number when the general public is no longer paying attention.

A foundational principle in financial accounting, corporate finance, and corporate law is that—despite jurisdictional divergences—there exists a conceptual distinction between natural persons (human beings) and juridical persons.

Las Vegas tourism has often been taken as a barometer of America’s economic mood, and the latest data isn’t encouraging.

Nixon’s 1971 decision didn’t just close a gold window—it opened the door to a fiat future of perpetual inflation, asset bubbles, moral hazard, and chronic economic dysfunction.

This does not bode well for new potential workers entering the labor force. Remarkably, things look especially bad for recent college graduates.

Unfortunately, the only country to have accepted a semi-free market in organs is Iran; however, the results there have been stunning.

Far from a system of exploitation, the free market peacefully harmonizes the preferences of everyone.

Last week President Trump took steps to re-name the Department of Defense the “Department of War”—arguably, a more appropriate name.

The Federal Deposit Insurance Corporation (FDIC) is widely seen as a pillar of financial stability, but it is actually it is a warning label that confirms systemic fragility.

The importance of hierarchies lies in the fact that not all individuals possess the same abilities or interests, and there exists a natural elite with a greater capacity to lead.