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Economic PolicyThe EnvironmentTaxes and Spending
Standard neoclassical economics texts claim a Pigouvian tax will lead to the "optimal" price and production of a good. But "optimality" is a myth.
Central BanksThe FedInflation
The buzz in Washington is that the Fed is "fighting inflation." But this is like an arsonist fighting the fire he started.
The Beltway is no place for loyalty.
The FedInflationU.S. EconomyBusiness Cycles
Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash.
Big GovernmentEconomic PolicyInflationU.S. Economy
Americans are looking at a grim energy future, thanks to government.
Money and Banking
When asked to quantify how a 75-point hike is better than a 50-point one, Powell had no answer. And will it work? Powell could only say "we'll know when we get there."
AntipoliticsEconomic PolicyProgressivismSocialismThe Police State
The so-called Great Reset is an attempt by wealthy elites and their allies to control people's lives. Their schemes need to be both exposed and resisted.
Booms and BustsCapital and Interest Theory
Economists have failed to explain the mechanism by which an inverted yield curve signals an impending recession. But the Misesian explanation of the business cycle quite easily explains the pattern we observe in interest rates.