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Booms and BustsThe FedMoney and Banks
No matter the situation, bank CEOs believe that the Big Score is just around the corner. Then reality hits.
Economic FreedomThe EntrepreneurMedia and CultureProtectionism and Free Trade
In the spirit of Walter Block's classic Defending the Undefendable, Kevin Duffy looks at the "undefendable" investments and economic choices and finds them profitable.
Central BanksDemocracyStrategyTaxes and SpendingWorld History
While the prospect of Javier Milei being elected president of Argentina is attractive, his plan to "dollarize" the Argentine economy will fall well short of hopes and expectations.
The great Thomas Sowell takes on the social justice industry. As usual, he makes excellent points even if, as David Gordon notes, logic deems we go even further.
Money and Banks
Fed policymaking is all about political expedience. When we see Fed policy, we must keep in mind that "managing the economy" is secondary to managing public debt service and public expectations.
Central BanksEconomic PolicyThe FedFree Markets
While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate.
This is the first time in human history that the energy transition has been decided by politicians without allowing technology, competition, or human ingenuity to come up with a better, more flexible, and more economical alternative.
Big GovernmentThe EnvironmentMedia and CultureTaxes and Spending
Climate alarmism dominates the news cycle, but perhaps people be more alarmed by massive federal budget deficits and runaway entitlement spending.