Intermediate

Central banks usually don't admit their guilt in the destruction of money, but the Bank of England unwittingly comes clean.

San Francisco, as well as the government of California, is calling for millions in "reparations" for black people in that state. Reparations, unfortunately, are fast becoming another anti-property-owner racket.

Ever since the Luddites rampaged through British textile factories in the early 1800s, people have feared that technology will result in mass unemployment. They were wrong then and are wrong now.

The story of the failure of Silicon Valley Bank is the story of nearly every bank failure. Fractional reserve banking invites the risky behavior that brings down the banking system.

Mises saw essentialist values as fallacies because they were unverifiable and saw metaphysical ideas as a key component of authoritarianism. His solution was utilitarianism.

Collusion was a way of life with state-chartered enterprises. Little has changed, as firms with political connections still gain profits from their collusion with the state.

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.

If we have learned anything from hundreds of years of government oppression and atrocities, one thing is certain: government isn't our friend.

The FDIC's takeover of Silicon Valley Bank should make us take a hard look at the damage the Federal Reserve has done. Will other banks face the same fate?

Teaching high schoolers economics means teaching Austrian principles.