The Fed is launching a new billionaire bailout designed to keep banks afloat, and the FDIC is promising to back potentially trillions in deposits. The taxpayer will ultimately be on the hook.
Murray Rothbard was an elite economist, historian, and avowed enemy of the state. His legacy lives on nearly three decades after his untimely passing.
Politicians promise economic miracles, but in the end they waste resources and engage in economic destruction. Newfoundland is a case study.
A few days from now marks the one-year anniversary of the article: Will You Buy the D
Federal authorities want us to believe that by bailing out Silicon Valley Bank, they have prevented a financial crisis. Instead, we will have a crisis with bailouts.
If we have learned anything from hundreds of years of government oppression and atrocities, one thing is certain: government isn't our friend.
Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory.
When he was president, Donald Trump raised tariff rates, promising it would revitalize American production. It was a costly boondoggle.
Most socialists are not misguided about how to have a prosperous economy, for that is not their goal.
The unscrupulous are likely to be more successful in a society tending toward totalitarianism.
