Power & Market

In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begu

In a bit of ironic vandalism, San Francisco protestors painted “bastard” on a bust of Miguel Cervantes and defaced it in other ways.

One of the most valuable foreign sources of libertarian thought comes from Wilhelm von Humboldt. His book, translated from German into English, titled The Sphere and Duties of Government was a major work in liberty.

The Fed now says of its "emergency" powers: "When this crisis is behind us, we will put them away." We'll believe that when we see it.

Two new issues of the Quarterly Journal of Austrian Economicsare now available online.

Should the risk of bond default, trading losses, interest rates risk, propping up “zombie companies” and countless other effects not be addressed by the Fed?  Few seem to care if it is.

Ultimately, MMT is popular with politicians, because it's a theory that justifies ever higher levels of government spending.

Since the COVID-19 shutdown began, the media has framed it as a shutdown of the economy, making resistance to it appear to be about putting profit

Like many people, there was once a time when I visited the Drudge Report multiple times per day.

The truth is that all government programs and all laws cease to be enforceable if police truly go away, but it must be recognized that the practical answers about how to provide services, including eternally necessary police services, after the Great Defunding will have to come from libertarian thinking.