Media and Culture

On this episode of Power and Market, Ryan, Tho, and Connor reflect on what they view as the biggest stories and themes of the year.

In criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood that in a free society, inequality is inevitable, and it is something we must accept.

In criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood that in a free society, inequality is inevitable, and it is something we must accept.

Data shows that the marriage rate and the homeownership rate have been closely connected for decades. Historically, more marriage means more home buying, but government intervention has made buying a home much harder. 

Inflation does more than just force up prices. It destroys the wealth-producing process, especially with young people who are prevented from acquiring the same kinds of assets earlier generations procured. The result is inter-generational conflict.

Inflation does more than just force up prices. It destroys the wealth-producing process, especially with young people who are prevented from acquiring the same kinds of assets earlier generations procured. The result is inter-generational conflict.

The Lane Kiffin saga has dominated sports headlines this past week, highlighting the sea changes that have come over college sports—an especially college football—in the past decade. Much of this change is being driven by the easy money regime of the Federal Reserve.

The Fed’s money printing creates bubbles everywhere. Now even college football is seeing its own easy-money fueled malinvestments.

Historian Richard Hofstadter was a well-known progressive, but his take on Abraham Lincoln certainly differs from the hagiographic approach most US historians take toward him.

Some modern historians claim they are “doing science.” However, Ludwig von Mises in Theory and History decried what he saw as “scientism” instead of real scientific inquiry.