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As the federal government's debt approaches $35 trillion, default one way or another is inevitable. Many US states already have used that method to eliminate their debts.

In a recent interview with 60 Minutes, Fed chairman Jerome Powell gave assurances that the US banking system is sound. Ben Bernanke also claimed almost twenty years ago that real estate markets were not overextended. The hubris must be in the water at the Eccles Building.

If it were that easy to close a 1,900-mile border, this country would not be awash in illegal drugs imported from abroad. This is why cutting off migrant subsidies and welfare is a critical step in dealing with immigrant flows. 

Demand Side economists, like Paul Krugman, claim that officials can use changes in the inflation rate and in public debt to “manage the economy”.

Behavioral economics operates on the assumption that human emotions play an important role in determining economic choices. However, while all of us have emotions, we ultimately use reason to determine what we need to sustain our lives.

Progressives believe that restricting individual liberty permits better social outcomes. In truth, it is individual liberty that allows societies to function best.

Welcome to the first issue of The Misesian. We’ve decided to rename The Austrian magazine to emphasize how Ludwig von Mises remains at the center of everything that is today called the Austrian School of economics.

Five days before the last Federal Open Market Committee (FOMC) meeting, Tho Bishop

In two columns, David Gordon