Power & Market

A satirical essay from a 1978 classroom, speculating about what it would cost to become Santa.

While it wouldn’t solve everything, a gold audit would be a step towards sound money.

As usual, California policy may encourage productive residents to leave. Nevada may be freer relative to California, but it’s a low bar.

It is unimaginably cruel to demand that Ukraine keep fighting our proxy war down to the last Ukrainian.

At 3 percent inflation over an 80-year lifetime, prices will multiply by a factor of more than 10. A dollar will become nine cents, but we would be told that “inflation is stable.”

A vacancy tax is a charge imposed on property owners who leave residential or commercial properties unoccupied for a specified duration. As usual, a statist violation of property rights.

No one can legitimately create a monopoly on ideas. The problems of freedom are solved with more freedom and worsened with less.

Often “reasoning” commits to a conclusion, then finds argumentation to justify it.

Dr. Hülsmann offers his concluding thoughts on his debate with Philipp Bagus regarding the monetary consequences of closing the central bank of Argentina. 

The government failed to govern, but not by mistake, it was fully incentivized to do so.