How the BOJ Created “Noninflationary” Money While Ruining the Japanese Economy
The relative lack of inflation in Japan doesn't mean real wages haven't fallen.
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Ludwig von Mises: 1881–1973
Rothbard's obituary for Mises: "Words cannot express our great sense of loss: of … this courageous and lifelong fighter for human freedom; … this noble inspiration to us all."
Santayana on the State
Santayana thinks the state can spiritually satisfy people even though it exploits them. The only problem is that states go to war. The solution? A world state.
Independence for Chagossians? Time to End Colonialist Policies
The Mauritius government still denies Chagossians independence, continuing colonial policies.
From the Eccles Building to Vegas: The Fed Enables the Worst Ponzi Schemes
Peter Schiff once joked that Obama should have appointed Bernie Madoff secretary of the Treasury. The government's easy money policies ultimately lead to Ponzi schemes.
Rising Interest Rates May Blow Up the Federal Budget
Congress enjoys exorbitant political privilege in the form of cheap deficit spending—but it may soon come to an end.
The Fed’s Tightening Will Only Drag Out the Economic Slump
Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply.
A Tale of Two Legal Systems: Common Law and Statutory Law
Legal systems matter, and common law better serves a free society than statutory law, with its emphasis upon legal positivism.
Croatia May Become the 20th Member of the Eurozone in 2023: What Does this Mean to the Euro?
The European Central Bank (ECB) informed, in June
The Great Crash of 2022
Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash.
