JOIN OR RENEW TODAY
It is through action that our subjective valuations become measurable in objective reality. This is why the action axiom is an irreplaceable launch pad for economic thinking.
Decentralization and SecessionMedia and CultureStrategy
The task ahead is to demonstrate that whatever the sacrifices required to achieve more localized decision-making might be, centralization is too dangerous to continue.
Booms and BustsInflationThe Fed
The mother of all monetary stimuli could turn out to be worse than a dud—a catalyst to a slide into further recession just as the supply shock of pandemic recedes.
InflationThe FedMonetary Policy
The most important insight of the Fed's move to increase its inflation target is this: central banks don't much like to follow "rules." They make the rules.
Does Trump not realize that if people do not get back to work, there will be no recovery at all?
Media and CultureU.S. HistoryWar and Foreign Policy
George W. Bush has resurfaced to pander to the Left and the media in hopes of getting some attention. Apparently, Bush's brutal history of lies, wars, and torture is all fine now since he said some nice things condemning racism.
If we do not correctly take into account the opportunity cost, in terms of lives that can be lost from lockdowns, then we will most likely continue to make bad decisions in the future.
Big GovernmentDecentralization and Secession
Although national tragedies tend to bring a country together, it seems clear that the coronavirus will leave America as divided as it has been in modern history.