Power & Market
The Implosion of the Virus Hysteria Smells a Lot like 1989
Yes, there are still the people buying into the fear, ratting out their neighbors, etc. But I'm seeing a lot more of the opposite: people recognizing who the enemy is here, and that it is not their neighbors.
The Fed Has No Escape Plan
Never have we seen a central bank successfully reverse course, whether it’s interest rates, balance sheet, or asset purchases including bonds and stocks.
Economic Regulation Means Government Picks Winners and Losers
There is severe confusion about the meaning of economic growth. Many seem to mistakenly think that it has to do with GDP or producing stuff.
The Road Back from Interstellar Serfdom
Almost as long as I can remember, I have been a fan of science fiction.
Malaguerra, the Antistate Superhero of Sicilian Puppet Theater
At the Libertarian Scholars Conference in 2018, our associated scholar Jo Ann Cavallo (Columbia University) presented new research on the literary
Washington’s “Suppression” of the Whiskey Rebellion Betrayed the Revolution. And It Failed.
Contrary to the myth, the tax resisters actually won in their fight against the feds, and for decades afterward, except during the War of 1812, the federal government never again dared to impose an internal excise tax.
Keep Those Federal Troops out of American Cities
The American revolutionaries created a decentralized, locally controlled polity for a reason. Abolishing federalism to achieve short-term political ends is a reckless way to go.
Shelton Derangement Syndrome: Which Republicans Will Side with Fed Groupthink?
Shelton’s nomination is best seen as a litmus test for Republican senators. Are they interested in ideological diversity within American institutions, or willing to stand with the academic gatekeepers that have given us the Leviathan we have today?
