Modern progressives are not "reformers." Instead, as Murray Rothbard wrote, the progressive method is to seize control of the state and impose their own agenda on everyone.
Two days before Christmas, 1913, the infamous "creature from Jekyll Island," the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since.
Economic factors are only some of the reasons why men are leaving the workforce. The decline of marriage has also lowered the supply of workers by lessening incentives for workers.
The “gas-prices excuse” for inflation will evaporate, and that will be the key test for central banks. The “supply chain excuse” has already disappeared, as has the "transient inflation" claim.
Investors should not care whether the Fed pivots or not if they analyze investment opportunities based on fundamentals and not on monetary laughing gas.
Nearly everyone has heard of Bernie Madoff and rightly associates his name with financial fraud. Yet, the Social Security system is built on a Ponzi scheme similar to what Madoff created.
Is Big Tech a government creation—as the American Conservative recently claimed—or is it the result of entrepreneurs employing a mechanism created for noncommercial uses? It is both, writes Michael Rectenwald.
Spain's government is attempting to levy a wealth tax ostensibly to be "in solidarity with the poor." Because wealth taxes ultimately help lower real wages, there will be more poor people to share in the "solidarity."
