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In a free market, short-term and long-term rates would move toward convergence. Fed interference with interest rates ensures that won't happen.

President Biden's nonsolution of partial "debt forgiveness" is in limbo, but the slow financial destruction that massive student loan debt is unleashing continues.

The average new home in America was still well over 50 percent larger in 2021 than in the 1960s. Yet in an age of declining affordability, governments won't let homes get smaller. 

Hyperinflation? Yes, it can happen here, and the more officials deny hyperinflation is possible, the more they create the conditions that causes it.

The world seems to be on fire, and much of the trouble comes from the efforts of central banks to suppress interest rates. No one understands that problem better than British historian Edward Chancellor.

Our current deficit policy amounts to "Give me your wallet, and you will deal with the credit card balance later."

This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.

Insurance protects individuals from events that cannot be foreseen. As Murray Rothbard noted, however, deposit insurance exists to "protect" a system that is inherently bankrupt.

Gold historically has not been money by government fiat. Instead, gold has been the natural choice of people for money, something governments cannot undo (despite its best efforts).

We must do the hard work of writing good history which tells true stories about markets, the modern state, decentralization, and the tyranny of government health officials.