Power & Market

Inflation is not neutral, it is a hidden tax, a distortion of entrepreneurial signals, and a corrosive force against social trust.

Corporate finance can help introduce classifications such as the distinction between the assets of a natural person and a legal person, but also by incorporating profitability, liquidity, and solvency variables into economic policy analysis.

A central banker has two lives: the first is spent studying neoclassical money supply mechanics; the second begins when they realize the real world doesn’t work that way. 

There is a recurring temptation in political economy to reduce social order to a problem of conflict rather than recognizing the significance of voluntary cooperation.

The federal income tax is the crown jewel of a massive welfare-warfare state.

If executed perfectly, this swap allows the Fed to neutralize a shrinking money supply by swapping $2 trillion in mortgages for $2 trillion in government debt. 

States like California are learning this in real time, as high-income earners relocate in response to rising tax pressure and growing fiscal uncertainty.

A recent addition to the Journal of Libertarian Studies: 

Abstract

In February 1976, more than 70 petty criminals in Washington, D.C., donned their best clothes—some even rented tuxedoes—to attend a lavish pa

One of the industries hardest hit by the spike in fuel prices caused by the Iran War is airlines.