We should not be surprised that credit in the eurozone is falling along with monetary aggregates. The entire burden of monetary normalization is falling on the productive sector, families, and businesses, while many governments continue to increase deficit spending.
Just as liberty must be the highest political end, peace must be the highest end of foreign policy.
Censoring and shutting down speech on the Internet is not a random thing. The people doing it are highly organized and almost always tied to ruling elites.
While Murray Rothbard believed that self-ownership formed the basis for private property rights, other philosophers disagree.
With the current jumble of poltical terms, it is hard to discern what is "libertarian," and what is not. Economic freedom and individual rights must be at the top of the list.
As politicians at all levels debate paying black Americans "reparations" for chattel slavery, a careful study of the wealth gaps between ethnic groups shows that ethnic prejudice explains very little. Other factors matter more.
Hollywood can create stories from thin air, but when the film industry creates malinvestments, there is a bust in the future.
The recent executive order by New Mexico's governor suspending gun rights in part of the state demonstrates not only her ignorance of the law, but also her greater ignorance of the origin of rights.
In the wake of bad news on inflation, the Federal Reserve is pushing up interest rates. However, a Fed-induced higher rate is not the same as an interest rate decided by the market.
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.
