Why America’s Oligarchs Are Moving Left
Wokeness may now be a public relations strategy—a method of appealing to the moral sensibilities of the upper-middle-class woke American consumer.
Mises Wire
With Reverse Repos, The Fed Is Now Trying to Clean up Its Own Mess
One of the areas of the economy that the Fed recently needed to bail out was money market funds. Most investors consider these funds cash. One wonders why the Fed would be forced to provide liquidity to shore up liquidity.
Texas Says It Can Enforce Immigration Restrictions. Texas Is Right
However one may feel about immigrants, both historical experience and an honest reading of the US Constitution makes it clear that the federal government is not, in fact, empowered to enforce immigration.
Much Ado about Nothing in the Art Market
The recent sale of an invisible statue for £13,000 is symptomatic of the thoroughgoing financialization of our economy. Investors have become ever more obsessed with the symbols of economic reality and less concerned with underlying economic facts.
Bitcoin’s El Salvador Option
If Bukele really wants monetary freedom for El Salvador, he should not have presented them with what, effectively, is a government handout for bitcoin hodlers and the companies behind the Strike app and other potential intermediaries.
Why Keynes Was Wrong about Unemployment
Henry Hazlitt’s second law is the observation that everything in Keynes's General Theory is either unoriginal or untrue. Keynes's theory of unemployment equilibrium is the most original aspect of his work.
With Capitalism, Cooperation Is Just as Important as Competition
Free consumers and business owners always seek to cooperate in the marketplace. After all, "suppose there were no coming together, each individual dependent solely on his or her own thoughts and productivity…. All would starve!"
Why the US Supports Secession for Africans, but Not for Americans
The United States has long supported the idea of secession and "self-determination" for some faraway colonies. But the US regime is careful to define self-determination so as to deny any chance of secession closer to home.
Why Monetary “Stimulus” Won’t Prevent an Economic Bust
If the Fed were to embark on aggressive monetary pumping to counter economic recession this will not produce the intended effect. It will only dilute the pool of real savings and make things worse.
Biden’s Budget Plan: Weaker Growth and Fewer Jobs
When you copy the European Union, you also should know you will get European Union–style lack of growth and job creation.
