Power & Market

David Flattum by email points out that in the movie The Big Short, it is said that each 1 percent rise in the unemployment rate is as

The Fed continues in panic mode: just throw as much money at the problem as you can, and hope for the best. There is no end in sight.

The freedom to seek work in pursuit of making a living is a fundamental human right. Yet during the COVID panic countless government bureaucrats, cops, and other busybodies heedlessly insist that mass unemployment and human rights violations are "worth it."

What matters for the stock market is not the state of the real economy as such, but the state of monetary liquidity.

We must create income in order to create health. If we destroy income, we will destroy health. But in order to create income, we must produce goods and services.

April’s Federal Open Market Committee (FOMC) meeting did not offer many surprises and the targeted federal funds rate remained unchanged at 0 to 0.

In recent weeks, we’ve been keeping an ey

BBC images from India show the human toll of the coronavirus shutdown. Americans should take note, and soon.

The stimulus packages being handed out across this world provide us with an opportunity to document the anticapitalist process as it unfolds in real time, keeping in mind that when these inflation schemes fail, it will likely be blamed on capitalism.

When the customer receives defective, shoddy, or inferior-quality products and above market price—from the only game in town—the customer lack