Japan’s Well-Fed Zombie Corporations
The corona crisis has intensified the discussion about the zombification of the economy; enterprises have become more dependent on government bailouts, loans, subsidies, short-time working benefits, and loans from central banks. Governments around the world claim the measures to be
Property Rights and the Pollution Problem
Murray Rothbard and other libertarians support self-ownership. Part of being a self-owner is that no one may physically harm your body without your consent, unless you first violate someone else’s rights. David Friedman raised a famous objection to this principle,
The PRO Act Is Not Just a Union Handout—It’s an Assault on the Freedom of Association Itself
On February 4, 2021, Democrats in the House and Senate introduced the Protecting the Right to Organize (PRO) Act. Like many names in Washington, this one is an Orwellian misnomer that does the exact opposite of what it claims to
Could Gold Discoveries Cause the Austrian Boom-Bust Cycle?
In a 2019 article, Bob quoted Mises who believed that new gold discoveries, in principle, could cause a (small) boom-bust cycle if the gold hit the loan market before other sectors. Walter Block and Bill Barnett have responded in a
Bulls, Bears, and Beyond: In Depth with James Grant
James Grant is editor of Grant’s Interest Rate Observer, which he founded in 1983. He is the author of nine books, including Money of the Mind, The Trouble with Prosperity, John Adams: Party of One, The Forgotten Depression, and more
Why the Capitol Riot Terrified the Elite
These days, it sure looks like they have them right where they want them. Using the storming of the Capitol Building as a pretext, the media-government alliance has targeted Trump, his supporters, and their fellow travelers harder than ever before.
The Greatest Thing the Roman Empire Ever Did Was Go Away
Review of Walter Scheidel, Escape from Rome: The Failure of Empire and the Road to Prosperity (Princeton, NJ: Princeton University Press, 2019) The Roman Empire is often presented as the fabric of Western civilization. The languages, laws, religion, mores, and implements
Why Dominion’s Defamation Lawsuits Are Garbage
Dominion Voting Systems is suing MyPillow CEO Mike Lindell for $1.3 billion. This comes in the wake of other Dominion lawsuits against Trump advisors Rudy Giuliani and Sidney Powell. All are accused of lying about Dominion’s supposed complicity in using
Why “Stakeholder Capitalism” Is a Disaster for Entrepreneurs
During the 1990s there was a legal and philosophical idea, championed by Milton Friedman among others, that a corporation exists to serve the interests of the shareholders, being that they are the rightful owners of the corporation. Progressive thought leaders
INDIA’S PLAN TO BAN CRYPTOCURRENCY-THE CURRENCY OF THE FUTURE
Cryptocurrency in simple words is digital or virtual money whose transactions are maintained by highly specialized methods of cryptography. Although, they are used for various transactions and exchanges, this currency is not in control of any one person or a