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AntipoliticsWar and Foreign Policy
Many governments support continuing the Ukraine war, but ordinary people in Europe, America, and the developing world fear the war will bring economic disaster.
The challenge at hand is more than simply opposing the state. Rather, it is necessary to build up, reinforce, and sustain institutions that can offer alternatives to the state.
Central BanksThe FedFinancial MarketsMonetary PolicyMoney and BanksU.S. EconomyWar and Foreign Policy
Like the arsonist who then heroically fights the fire he set, the Fed is increasing its efforts to bail out banks both at home and abroad. This does not end well.
Politicians tout "bipartisanship"—that often just means one's pocket will be picked even more cleanly.
Booms and BustsCentral BanksMonetary Policy
Keynesian economists claim that cutting costs in a business slowdown is counterproductive. As usual, the Keynesians have it backward.
Central BanksMonetary PolicyMoney and Banks
Suppose an addict had the ability to magically create, ex nihilo, his own stimulating drug, as fractional reserve banks can do with money and credit. Would you expect moderation?
DemocracyProgressivismWar and Foreign Policy
Western governments seem to relish a clash with Russia, despite the spectre of nuclear war should things escalate too far. If so, it will be a conflict built on lies told by government lies.
“Economic power,” then, is simply the right under freedom to refuse to make an exchange. Every man has this power. Political power, on the other hand, is something very different.