Intermediate

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.

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).

Academic historians of the "acclaimed" new history of capitalism have a major weakness: their claims do not match the historical record.

As we watch the once proud edifice of higher education in the USA crumble, we realize that we are looking at institutional failure itself.

The French, who coined the term laissez-faire, have become people thoroughly captured by statism. Professor Salin shows another way for France to go.

College faculties historically have leaned left-of-center, but today, a rigid progressive ideology is enforced not only by faculty, but also by higher education administrations.

Government inflation makes people’s responses much more delayed, leaving people’s value adding greatly degraded.