Podcast

The United States has gone through at least six "party systems." Populism, war, or economic crises usually trigger a change from one system to another.

Once upon a time, those in power were smart enough to recognize the importance of popular support. Now the arrogant behavior of those in power is sowing the seeds of true subversion of federal authority.

Mobilization and separation, not persuasion, is the way forward.

The 1920s featured political détente, debt liquidations by prior consumer price inflation, an introductory stalling of monetary inflation, a German economic miracle, and a broad-based technological revolution. The 2020s have none of these.

In January 1921, thirty-five hundred people packed the Lexington Theater in midtown Manhattan to hear a debate of socialism. Ludwig von Mises in Vienna later called the debate "instructive."

Let us begin with what CBDCs definitely are not: they are not a new kind of cryptocurrency akin to bitcoin.

No matter how bleak the economy may be, the Keynesians are likely to say, “It would have been worse without us.” 

Six hundred dollars, two thousand, or how about one million per person? How much money should a government give its people to get the wheels of commerce turning again?

The Left has often claimed that privatization is a neoliberal scam. But actual experience suggests privatization schemes have improved access to goods and services while raising productivity and real incomes.

There's no reason to assume 2021 will bring a reversal of 2020's trends. Many of the fights that began in 2020 are likely to intensify in the new year.