Exposing the Sausage Factory
Otto von Bismarck said, “Laws are like sausages, it’s better not to see them made.” Look too closely, people would recognize that the republic has long since become something else entirely.
Power & Market
Displaying 1 - 10 of 2918
Hayek’s Last Hurrah, So To Speak: A Choice in Currency Emerges Among Central Banks
Since 1971, in the Nixonian monetary era, the American government has enjoyed a power derived from the pure fiat paper money that its central bank
Closing Argentina’s Central Bank: A Response to Professor Hülsmann
The debate regarding the would-be effects of the closure of Argentina’s central bank continues.
Even 2% Inflation Is Too Much
Alex Pollock’s latest letter to the editor at the WSJ appeared on Saturday, November 1:
New Scholarship in the QJAE and the JLS
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.
Say Hi to UBI
This is not the path to prosperity. It is the final stage of the ruinous collectivist project.
Latest CPI Report: Price Inflation Rises Yet Again
September’s year-over-year CPI increase was 3.0 percent, the largest annual increase in 17 months.
Closing a Central Bank: Comment on Bagus
It was claimed closing Argentina’s central bank would exacerbate inflationary tendencies, however, there are flaws in this reasoning.
Antitrust Policies Are Based upon Economic Illiteracy
Prices in veterinary services for pets have skyrocketed in the UK since 2020, but the only solution interventionists can find is antitrust policy.
41 Million (One in Eight) US Residents Are on Food Stamps
In spite of much talk about how the Trump administration is supposedly defunding these programs, they’re not going anywhere.
