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Alienated America

06/14/2019The AustrianDavid Gordon

Readers of Tim Carney's 'Alienated America' will gain much from the author's account of civil society. After all, isolated individuals do not make for a successful marketplace. Free markets succeed best in the context a stable civil society.

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The Austrian May June 2019.pdf

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Homelessness and the Failure of Urban Renewal

Labor and WagesPoverty

Blog06/14/2019Ryan McMaken

We continue to live with the wreckage of failed urban renewal, and Progressive city planning. And the evidence can be seen in the tent cities and makeshift latrines we now see in public spaces.

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There Is No Neutral Tax: Lessons from the the Amazon HQ2 "Subsidy"

Taxes and Spending

Blog06/14/2019Joseph T. Salerno

The tax-incentive deal Amazon had with New York was not a "subsidy" — in fact, Amazon pays enormous amounts of net taxes.

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NCAA: Making a Federal Case Out of Private Rules Violations

Legal System

Blog06/13/2019William L. Anderson

Federal prosecutors are now charging suspects with breaking non-existent federal statutes in cases involving violations of internal NCAA rules. But if there is fraud anywhere in this sorry affair, it is committed by federal prosecutors, defense attorneys, federal judges, and journalists.

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Tucker Carlson Wants Affirmative Action for American Workers

Big GovernmentProtectionism and Free TradeU.S. EconomyInterventionism

06/13/2019Audio/VideoRobert P. Murphy

Bob Murphy disagrees with Tucker Carlson's unambiguous approval of Elizabeth Warren’s call for “economic nationalism”.

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Mises on 100-Percent Reserve Banking

Money and BanksMoney and Banking

Blog06/13/2019Edward W. Fuller

Mises declared in 1951: “No boom is possible without credit expansion... the boom which causes the following depression could not occur if the banks did not expand credit."

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Why Ignoring Time-Preference is the Fundamental Mistake of Central Bankers

Money and BanksCapital and Interest TheoryMoney and Banking

Blog06/12/2019Alasdair Macleod

Ignoring time preference is the fundamental error behind monetary planning. It is why in a successful economy, monetary intervention by the state is kept to a bare minimum, or preferably banished altogether.

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Earth to Tesla: Elon Musk Has Few Ideas Beyond Begging for Government Money

Bureaucracy and RegulationCorporate Welfare

Blog06/12/2019James Lowe

Elon Musk uses corporate welfare and "public-private partnerships" to create the false impression he is an actual entrepreneur.

Central Banks Aren't Really In Control of Interest Rates

Frank Shostak

The central bank can try to manipulate the interest rate to whatever level it desires. However, it cannot exercise control over the underlying interest rates as dictated by people’s time preferences.

The Supreme Court's Dubious "Wall of Separation" between Church and State

Gary Galles

How old should a monument be to avoid Establishment Clause challenges? Not that old, given the Supreme Court invented the "wall of separation" argument in only 1947.

Elizabeth Warren's Antitrust Crusade is an Economic and Civil Liberties Nightmare

Dominick Armentano

There is almost no economic problem, real or imagined, that cannot be made worse by inappropriate government regulation. Antitrust is no exception.

Black Markets Show How Socialists Can't Overturn Economic Laws

Allen Gindler

In the Soviet Union, any significant goods had two price tags: one real and another virtual. One was the actual black-market price. The other was the "official" government price.