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The FedProgressivismU.S. History
It is easy to think of the Fed as a good institution that simply lost its way. In truth, it was a bad idea and a bad institution from its beginning.
Central BanksInflationMoney and BanksWorld History
Long before there was the infamous German inflation of 1923, the Reichsbank created the scenario of monetary debasement.
Economic PolicyFree MarketsProgressivismTaxes and Spending
Massachusetts voters approved yet another tax hike for high-income residents, while California voters rejected a similar proposition. The current tax fever does not bode well for economic growth.
Protectionism and Free TradeStrategyWar and Foreign Policy
Supporters of US microchip policy against China claim the policy is "strategic," but in reality, it is old-fashioned protectionism with all the usual economic damage.
Is there a case to be made for universal basic income? David Gordon examines the pro-UBI arguments by philosopher Matt Zwolinski.
Financial MarketsGlobal Economy
The woes of Britain's financial sector have been exacerbated by UK financial regulators' failures.
Federal Reserve officials, for all of their alleged wisdom and education, have a knowledge problem. Hayek and other Austrians could have told them their grandiose plans will fail.
Economic PolicyThe FedKeynes
All too often, elite mainstream economists' policy recommendations are built on fallacies. We shouldn't listen.