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Booms and BustsInflationUnemployment
Unemployment remains low but for the wrong reasons. Low unemployment rates are not a sign that the economy is doing well.
Central BanksCronyism and CorporatismThe FedProgressivism
Two days before Christmas, 1913, the infamous "creature from Jekyll Island," the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since.
The Police StateWorld History
Shortly after hearing about the birth of Jesus, Herod the king tried to have the child murdered. Indeed, Herod's oppressive rule and the predations of the Roman state play a huge role in the Christmas story.
It is no coincidence that the boom in mass-produced goods made specifically for children, "coincided closely with the rise of the middle-classes, industry, and capitalism."
Free MarketsSocialismHistory of the Austrian School of EconomicsOther Schools of Thought
While socialists posit socialism as a humane and ethical system, it is anything but that. Mises understood its brutality long before socialism gripped the world.
Economic PolicyProgressivismTaxes and SpendingU.S. Economy
Federal budget deficits are increasing, but the Biden administration shows no signs of restraining its spending. This is not going to end well.
The migration data from 2020 to 2022 backs up the idea that a great many people are moving from restrictionist covid states to states where the public health technocrats have less power.
World HistoryPhilosophy and Methodology
Why do societies implode into a mass of statism and tyranny? David Gordon finds some answers with philosopher R.G. Collingwood.