Thanks to Federal Reserve intervention, apartments and apartment buildings have turned into giant malinvestments. Once again, a federal entity intervenes in markets presumably to make them work better, but things end in a crisis.
While the United States has not fallen as far economically as Argentina, the fact is that the present economic policies are ruinous. We need someone like Javier Milei to speak the truth about what is happening.
One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.”
Progressives believe that government intervention in the economy is necessary to promote both efficiency and fairness. In truth, intervention accomplishes neither of them.
In The Wizard of Oz, Dorothy and her friends had to worry about wild animals and wicked witches. Today, Americans face a much more formidable foe: their own free-spending government.
Since the original sugar tariff of 1789, US government policy has been to subsidize sugar, a policy that has led to serious consequences, including a health crisis of obesity.
Government intervened into home mortgages to subsidize home buyers and make home ownership more "affordable." As with most interventions, the results have backfired as home prices and mortgage rates skyrocket.
Is cryptocurrency a scam or is it a legitimate alternative to state-corrupted money? Political elites want to eliminate it altogether, but that alone should tell us we need to better understand this alternative money source.
According to a Brown University professor, ExxonMobil threatens our democratic republic by purchasing another company. The totalitarian woke atmosphere in American higher education is the real threat.
While the Fed tries to engineer the mythical “soft landing” for the economy, Austrian economists know that this is an exercise in futility. Once the credit-fueled boom occurs, the bust logically follows.
