U.S. Economy

Modern monetary theory is an idea and an inchoate theory that lacks serious defenders.

Mark Thornton explains how government intervention creates inequality, privileging protected industries and politically connected insiders while pushing costs onto everyone else.

Democrats learned the hard way that voters don’t like being told the economy is great when they’re struggling to afford everyday life. Now Republicans have chosen the same strategy.

As Sophie Cunningham of the Indiana Fever drove toward the basket for a seemingly easy breakaway layup, DiJonai Carrington of the Chicago Sky bore

Democrats learned the hard way that voters don’t like being told the economy is great when they’re struggling to afford everyday life. Now Republicans have chosen the same strategy.

Mark Thornton explains how ideology can break the uniparty, why blocked realignment risks revolution, and why Austrian economics helps young Americans see through the crisis.

When government becomes involved in finance, interest groups abound, each one seeking wealth transfers to the detriment of others. This has been the case since the founding of this country, and AI is just a new chapter.

On this episode of Power and Market, Ryan, Connor, and Tho discuss the social debate this week focused on Gen Z economic anxiety.

By convincing Congress to permit the government to take equity positions in private firms, Donald Trump has completed the transition of the economy from free markets to political capitalism.

If we wish to be honest, the Federal Reserve System needs to be put out of its—and our—misery.