The Fed wants you to believe that neither its negative capital nor its giant losses matter because it is the Fed and can print money. But it does matter because the Fed’s losses will cost not only it, but also the Treasury and the taxpayers, over $100 billion this year.
It's easy to see why many young people don't find military service especially enticing. The US military lost in Iraq and Afghanistan, and the usual regime propaganda may not be working anymore. But we'll only know the full extent of the "problem" once unemployment starts to go up.
Austrian economics stands apart from the economic mainstream in its deductive approach to economic analysis.
The decision to use artificial intelligence–powered robots in the fast food industry depends upon differences in costs and performance between humans and robots. State minimum wage laws are pushing the industry toward robots.
Progressives have created a new thought crime: cultural appropriation. However, one cannot appropriate something that is not owned by anyone else.
In a more reasonable world, people like Cheney, Rice, Bolton, et al., would all be forgotten, shamed, and disgraced for overseeing multiple disastrous wars abroad and the creation of a police state at home. Unfortunately, we don't live in a more reasonable world.
Can there be a bridge between Heideggerian metaphysics and practical political philosophy?
Our country is beset by a large number of economic myths that lead us to accept unsound and dangerous government policies.
Most BRICS currencies are weak and getting weaker, and creating a new joint "BRICS currency" won't solve the problem. Joining together a bunch of weak currencies does not somehow create a strong currency.
Compared to how most other people in the world live, Americans have a high standard of living. And despite the talk about inequality, there is more economic and social mobility here than anyplace else.
