In this world of DEI, equality has given way to “equity,” which means equal outcomes. This not only violates natural law, as Murray Rothbard noted, but also is harmful to society, including the supposed beneficiaries of this ideology.
In our present age, too many believe the “winner” of an argument is whoever unleashes the most insults. Norman Finkelstein’s recent “debate” with the online personality Destiny is Exhibit A.
The Fed has created its own narrative for far too long. This is why we are making our new Federal Reserve documentary. Help us meet our fundraising goal.
As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular, they want the economy to “take the hair of the dog that bit them.” Of course, this only makes things worse in the long run—which is where we are today.
Carl Menger is best known for his vital role in creating the marginal revolution of 1871. However, Menger’s insights ranged well beyond value theory, as he wrote excellent commentary on money and sociology.
California’s draconian fast-food minimum wage law is bad enough, but it turns out a company can avoid the trouble if it has ties to the governor.
Being able to ladle out millions (or billions) in taxpayer dollars to the moneyed classes was always the pipe dream of Alexander Hamilton (and his political heirs like Henry Clay and Abraham Lincoln).
Contrary to popular opinion, bank capital is not a reserve to cover potential losses. In fact, even the ill-fated Silicon Valley Bank had adequate bank capital before it collapsed.
While the ruling elites decry populism, what they don't say is that populism has arisen precisely because the ruling classes have done everything they could to diminish freedom.
"Carl Menger’s writings are the closest to Randian doctrines that have ever emanated from any economist. It will follow that we should read and reread his great books."
