Why Austrians Stress Ordinal Utility
Sometimes people—even other economists—are incredulous that the Austrians deny the possibility of interpersonal utility comparisons.
Sometimes people—even other economists—are incredulous that the Austrians deny the possibility of interpersonal utility comparisons.
California politicians say "gun owners should cover the costs of gun violence." Apparently, holding actual criminals responsible for their own misdeeds is too much work in California.
For the covid despots, anyone who objected to government commands was the equivalent of a heretic who must be condemned or banished from every place except the cemetery.
That something "works" isn't a license for a regime to do whatever it wants. But given that lockdowns don't even work—and are morally repugnant—how can they be justified?
Bernanke’s initial moves to reverse QE were memorably beaten back by the so-called taper tantrum, so it's hard to see how the Fed will now proceed with aggressive QT.
Fannie Mae is helping ensure easy money flows to apartments. That means multifamily prices are heading skyward like asset prices overall.
Even if the Fed finally delivers the tapering and starts raising rates, it won’t get any further than it did back in the last anemic rate hike (2015–18) and tiny balance sheet shrinking (2017–19) cycles.
As tens of thousands of trucks began entering the capital with millions of supporters behind them, the “brave” Canadian prime minister had fled the city and shuffled off to an undisclosed location.
Totalitarianism in all its forms—including, of course, National Socialism—ought to be condemned. But why do the Soviet totalitarians get so much sympathy?
Under PM Mario Draghi, the Italian government has issued new edicts designed to make life even more difficult for anyone who doesn't comply with every aspect of the state's covid regime.