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Anti-PoliticsDemocracyProtectionism and Free Trade
Since the 1940s, failed statist schemes have dragged Argentina into poverty. Javier Milei, who is gaining popularity there, hopes to change his nation's sad history.
Decentralization and Secession
The end of Roe may force many Americans to recognize that the United States is not one place. It is many places. The key is to reject uniform federal policy.
Central BanksFinancial MarketsInflation
The relative lack of inflation in Japan doesn't mean real wages haven't fallen.
Booms and BustsThe FedInflation
After suppressing interest rates and creating asset bubbles for more than two decades, the Fed is now juicing up interest rates—and wrecking the economy.
Philosophy and MethodologyPolitical Theory
Congress enjoys exorbitant political privilege in the form of cheap deficit spending—but it may soon come to an end.
Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply.
Legal systems matter, and common law better serves a free society than statutory law, with its emphasis upon legal positivism.
With his current timid, weak, and prevaricating position on price inflation, Powell is positioning himself as the new Arthur Burns, who did nothing to end 1970s inflation.