Power & Market

Economics, at its core, is the study of cause-and-effect relationships—analyzing how scarce resources, which have alternative uses, are allocated.

Sadly, even Tik-Tok videos of parents struggling to afford school supplies will likely not cause Congress steps to deal with the Fed. Instead, the videos are more likely to cause Congress to renew efforts to ban Tok-Tok.

The passage of Trump’s “one big, beautiful bill” has once again raised the issue of tax loopholes. Murray Rothbard referred to the idea of a tax loophole that needs to be closed as a great economic myth.

Zohran Mamdani, a self-identifi

The Federal Reserve has what the New York Times called its “biggest shindig” of the year at Jackson Hole, Wyoming next week. What mischief are they up to?

In this article, Puster, Hülsmann, and Hoppe explain the reasons for their resignation from the Scientific Advisory Board of the Ludwig von Mises Institute Germany.

The notion that transparency fosters trust fails to account for the indispensable role of privacy. Privacy is not merely a personal preference—it is the guarantor of fungibility.

The US and its Western allies may scoff at this challenge, but it only became possible due to high-handedness (to use the kindest word imaginable) and outright illegality of US actions.

In both cases, the use of nationalism and patriotism by Brazilian governments reveals a recurring strategy: appealing to national pride to divert attention from self-inflicted crises.

Even in Las Vegas—known for inexpensive fun, food, and gambling—hotel occupancy is 67 percent, visitor traffic is down 6.5 percent from a year ago and 7.4 percent from 2019.