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PoliticsProtectionism and Free Trade
When he was president, Donald Trump raised tariff rates, promising it would revitalize American production. It was a costly boondoggle.
PoliticsSocialismCalculation and Knowledge
Most socialists are not misguided about how to have a prosperous economy, for that is not their goal.
The FedFinancial MarketsMonetary PolicyMoney and BanksU.S. Economy
Federal authorities want us to believe that by bailing out Silicon Valley Bank, they have prevented a financial crisis. Instead, we will have a crisis with bailouts.
The only thing that saves citizens from much higher prices is the fact that the transmission mechanism of monetary policy is independent and diversified. Imagine if that transmission was direct and had only one channel, the central bank itself.
Any realistic review of the Federal Reserve’s MBS experiment would conclude that the Fed should stop buying mortgages.
Free MarketsMedia and CultureSubjectivism
The latest from the world of social media is the role of "influencers." There is a perfectly good economic explanation for their popularity.
How do people in a pluralistic society live peacefully with each other? In his review of Kenneth McIntyre's book, David Gordon points to negative liberty as the best way to preserve values.
InflationMonetary PolicyMoney and BanksWorld History
Central banks usually don't admit their guilt in the destruction of money, but the Bank of England unwittingly comes clean.