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Booms and BustsEconomic Policy
The theory of real business cycles won a Nobel Prize, but it ultimately confuses cause with effect.
Progressives have long pushed for a state dominated by a new class of "scientific" experts who are supposedly nonpolitical and pursuing only "good government." It's a fantasy many people still believe.
Economic PolicyTaxes and Spending
The Fair Tax is a supposed alternative to the income tax. But the name does not matter, since a tax is still a tax.
The specter of stagflation is with us again despite Keynesians' claims that a new bout of inflation will lower unemployment. What causes it?
History of the Austrian School of EconomicsInterventionism
Not only must the war against progressivism be fought with a religious fervor, but it must also be, in Rothbard’s words, “openly and gloriously reactionary.”
Anti-PoliticsBureaucracy and RegulationEconomic Policy
Inflation is at a forty-year high, fuel prices are wreaking havoc, and there's no end in sight. Time for Biden to tell us how good we have it.
Skyrocketing asset prices are great for hedge fund managers and Wall Street types, but they increasingly drive ordinary people into unsustainably large amounts of debt.
Money and Banks
Instead of “respecting the Fed’s independence,” President Biden should work with Congress to audit, then end the Fed.