Power & Market

As Mises and other Austrian economists have reminded us, government cannot “invest” profitably because it directs funds toward ventures that were not chosen by voluntary investors.

The 1929 Stock Market Crash led to the largest economic recession in modern world history.

In a bold and transformative move, President Donald Trump announced his administration’s intention to downsize the federal government by offering compensation to federal workers who voluntarily resign.

Donald Trump’s coming trade war with China could ultimately topple the current US economic regime of monetary inflation which enables America’s bubble-monopolist capitalism. The road, though, is unlikely to be direct or smooth. 

The wailing sound you heard last Thursday was the chorus of the Beltway warmongers shrieking in despair at President Trump’s suggestion that there was no reason for the US to be spending one trillion dollars on “defense.”

February 11 would have been the 96th birthday of Burt Blumert, one of my greatest friends and a great champion of Rothbardian libertarianism.

With Central Bank Digital Currency (CBDC) banned by executive order, the Fed may have more incentive to explore alternatives in the cryptocurrency market.

I write here to offer a teaser for a video on populism and classical liberalism, a lecture which I gave for the

Territorial expansion allowed the federal government to directly rule its many new federal citizens without any state government as intermediary. 

In Germany, as elsewhere, “democracy” means whatever the ruling class says it means. Often, that means banning dissident political parties.