Federal prosecutors are now charging suspects with breaking non-existent federal statutes in cases involving violations of internal NCAA rules. But if there is fraud anywhere in this sorry affair, it is committed by federal prosecutors, defense attorneys, federal judges, and journalists.
Mises declared in 1951: “No boom is possible without credit expansion... the boom which causes the following depression could not occur if the banks did not expand credit."
Ignoring time preference is the fundamental error behind monetary planning. It is why in a successful economy, monetary intervention by the state is kept to a bare minimum, or preferably banished altogether.
Elon Musk uses corporate welfare and "public-private partnerships" to create the false impression he is an actual entrepreneur.
June 12 was the day the Virginia Declaration of Rights, penned by George Mason, was ratified by the Fifth Virginia Convention in 1776. And it has pride of place as the first of several declarations of rights in the era.
While many have been talking about Venezuela's food shortages, Cuba is now implementing a rationing program to combat its very own socialism-induced shortages of basic goods.
Henry Hazlitt's review of Man, Economy, and State published in National Review in September, 1962.
Many cultural conservatives increasingly succumb to the temptation to call on the state to solve our problems, and to punish our leftist adversaries. But they're making a big mistake.
The rhetorical framing of "climate change" is far removed from the underlying research. And the real-world costs of "doing something" are rarely considered.
Vikram Mansharamani’s second edition of Boombustology: Spotting Financial Bubbles Before They Burst has all the great insights from the first edition plus a foreword by James Grant.
