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Central BanksFinancial MarketsInflation
The relative lack of inflation in Japan doesn't mean real wages haven't fallen.
Philosophy and MethodologyPolitical Theory
Congress enjoys exorbitant political privilege in the form of cheap deficit spending—but it may soon come to an end.
Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply.
Legal systems matter, and common law better serves a free society than statutory law, with its emphasis upon legal positivism.
With his current timid, weak, and prevaricating position on price inflation, Powell is positioning himself as the new Arthur Burns, who did nothing to end 1970s inflation.
History of the Austrian School of EconomicsOther Schools of Thought
Many think cancel culture is an odd particularity of the Anglosphere. Unfortunately, it raised its ugly head at this year's Austrian Economics Meeting Europe held in Lithuania.
Economic PolicyWar and Foreign Policy
When conservatives applaud unlimited war spending, they not only harm our economy and body politic, but they give the Left a powerful talking point.
War and Foreign Policy
US foreign policy is a morass of lobbying, payouts, decisions, and power plays that violates the standards this country claims to promote.