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Monetary PolicyMoney and BanksMonetary TheoryMoney and Banking
Money proper is not artifice. It is a physical "thing" of value, acquired through labor and emerging out of the needs of individuals, who through voluntary exchanges determine its value.
Central BanksThe FedFinancial MarketsMonetary PolicyMoney and BanksU.S. EconomyWar and Foreign Policy
Like the arsonist who then heroically fights the fire he set, the Fed is increasing its efforts to bail out banks both at home and abroad. This does not end well.
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.
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.
The FedMoney and BanksMoney and Banking
The FDIC's takeover of Silicon Valley Bank should make us take a hard look at the damage the Federal Reserve has done. Will other banks face the same fate?
In the name of "equity," the two most prestigious law schools in the country are changing the rules of admission and more.
Cronyism and CorporatismDemocracyProgressivism
Canadian political, academic, and media elites "worry" that democracy in that country may be under attack. Actually, democracy works all too well there.
Central BanksFinancial MarketsInflation
Considering the bond yields have only risen slightly, and that monetary overhang from covid is still huge, it’s difficult to be remotely confident that monetary conditions have been tight.