Power & Market
21st Century First 25 Years: US Government Bankruptcy
A non-exhaustive review of government spending over the last quarter century.
Money Demand and Demonetization: Concluding Comments
Professor Bagus concludes his arguments regarding the effects of the hypothetical close of Argentina’s central bank.
The Economics of Santa Claus
A satirical essay from a 1978 classroom, speculating about what it would cost to become Santa.
US Senator Introduces Comprehensive Gold Audit Legislation
While it wouldn’t solve everything, a gold audit would be a step towards sound money.
California Thievin’
As usual, California policy may encourage productive residents to leave. Nevada may be freer relative to California, but it’s a low bar.
A Real Ukraine Peace Plan
It is unimaginably cruel to demand that Ukraine keep fighting our proxy war down to the last Ukrainian.
What Have the Inflation-Mongers Wrought?
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.”
The Vacancy Tax
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.
Intellectual Property Laws Violate the (Free) Market
No one can legitimately create a monopoly on ideas. The problems of freedom are solved with more freedom and worsened with less.