The US Government Is On Track to Top Last Year’s Record-Breaking Deficits
The Treasury department has issued its spending and revenue report for April 2021, and it’s clear the US government is headed toward another record-breaking year for deficits. According to the report, the US federal government collected $439.2 billion in revenue during
There’s No Reprieve in Sight from the “Monetary Repression Tax”
Who has heard of the monetary repression tax (MRT)? Very few, it seems, judging by the lack of popular anger. Yet revenues from this tax have swollen under the 2 percent inflation standard. They are now set to reach a new
Digital Currency: Risk or Promise?—New Issue of the Cato Journal
(This editor's note is cross-posted from the Spring/Summer 2021 edition of the Cato Journal.) In 1996, Cato held its 14th Annual Monetary Conference, "The Future of Money in the Information Age." The proceedings, along with additional essays, appeared in a book
The Dystopian Future in Which Almost No One Owns a Car
By this point readers are more than familiar with the previously unthinkable infringements on our traditional rights and liberties due to “health and safety” lockdowns that the state has inflicted upon us over the last year. While thankfully more and
Excess Mortality in The US Has Plummeted to Pre-Covid Levels
In any given year during the past decade in the United States, more than 2.5 million Americans have died—from all causes. The number has grown in recent years, climbing from 2.59 million in 2013 to 2.85 million in 2019. This
Why Fungibility Is Important in Understanding Money and Crypto
As the decentralized revolution gains momentum and cryptocurrency adoption reaches new heights, concerns pertaining to the quality of money are too often ignored. According to a Crypto.com report, the number of bitcoin owners surpassed 71 million in January 2021, but
The Media Wants You to Trust Washington Again Now That Trump Is Gone
Former CNN White House correspondent Michelle Kosinski declared on Twitter last week that American journalists would “never expect … Your own govt to lie to you, repeatedly” and “Your own govt to hide information the public has a right to know.”
3 Ways the Tech Oligarchs’ New Subsidy Is Ripping You Off
Billionaire plutocrats at Apple, Google, Microsoft, Cisco, and other tech companies don’t spend all their time deciding whether or not to boycott your state or lecture you on the “correct” voting laws. No, sometimes they have time to plot ways
Boom to Bust: How Inflation Turns into Deflation
In order to understand the effects of inflation it is helpful to understand that inflation is not a general rise in prices as such, but an increase in the supply of money which then sets in motion a general increase
Robert Murphy on History and New Developments in Austrian Interest Theory
Bob gives a guest lecture for Jonathan Newman’s MA course for the Mises Institute, on the history of, and new developments in, the pure time preference theory of interest. After summarizing the work of Bohm-Bawerk, Fetter, and MIses, Bob explains