Deneen on Elitism
Patrick Deneen not only misunderstands John Stuart Mill, but he also misunderstands libertarians, claiming they are elitists who believe the world should be ruled by experts.
Mises Wire
Banks Create Money out of Thin Air. What Could Possibly Go Wrong?
How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out.
The FTC Should Answer Its Call of Duty to Gamers
The Federal Trade Commission is heavily scrutinizing the proposed merger between Microsoft and Activision. Why? Because Sony is against it.
After the Debt Ceiling Deal: Look for Liquidity Problems in the Markets
As Washington cheers the so-called budget deal, the real problems loom. Liquidity issues are next.
Assumptions Matter Both in Economics and in the Real World
One of the standard doctrines of mainstream economics is that the assumptions of a model do not have to reflect reality. Austrian economics vociferously disagrees.
Powell Sends Mixed Messages as He Chickens Out on Rate Hikes
What happens next will depend heavily on what the regime will feel is necessary to buoy public support for the regime and its current ruling party.
Leviathan Is on the Menu
The State of California, unable to unionize fast food workers, now is trying to create workers councils that will set labor policies for fast food restaurants. This will not end well.
Demonizing Men with False Data on Sexual Abuse
In today's progressive climate, sexual assault charges are easy to make and hard to refute, even when they are demonstrably false.
We Need a Peace President
Congress is silent – or compliant – as we lurch forward toward disaster for no discernable US strategic goal. Biden – or whoever is actually running the show – is forging straight ahead.
The Fed Has Rigged the Stock Markets to Crash
The Fed's latest attempt to correct the inflation it caused is putting the market on a crash course.
