Power & Market

The New York Times has just published an excellent editorial on the dangerous direction in which America is headed under President Trump.

According to data collected by the research firm Statista, 29 percent of Americans cannot afford to take a vacation this year.

Otto von Bismarck said, “Laws are like sausages, it’s better not to see them made.” If people look too closely, they would recognize that the republic has long since become something else entirely.

Hayek said, “I hope it will not be too long before complete freedom to deal in any money one likes will be regarded as the essential mark of a free country.”

The debate regarding the would-be effects of the closure of Argentina’s central bank continues.

At sustained 2 percent inflation, which the Federal Reserve promises, average prices will nearly quintuple in a lifetime of 80 years and the dollar will shrink to a value of 20 cents.

New scholarly work is appearing regularly in the Quarterly Journal of Austrian Economics and the Journal of Libertarian Studies. Here is a sampling of recently published articles.

This is not the path to prosperity. It is the final stage of the ruinous collectivist project.

September’s year-over-year CPI increase was 3.0 percent, the largest annual increase in 17 months.

It was claimed closing Argentina’s central bank would exacerbate inflationary tendencies, however, there are flaws in this reasoning.