Friday Flashback:Why there is no Fiscal Case for the Fed’s Large Balance Sheet
(As the Fed is once again planning to unwind its balance sheet, the size of which doubled as a result of its COVID-19-crisis Quantitative Easing, we think it worthwhile to draw your attention to a 2017 exchange, on the fiscal
Report from Canada: The Regime Is Lying about the Truckers
Canadian truck drivers are continuing their protest against the government’s covid/vaccine mandates. The protest was triggered by the federal government’s November mandate that truck drivers must be fully vaccinated by January 15 or they would be subject to mandatory testing and
The Cultural and Spiritual Legacy of Fiat Inflation
The notion that inflation is harmful is a staple of economic science. But most textbooks underrate the extent of the harm, because they define inflation much too narrowly as a lasting decrease of the purchasing power of money (PPM), and
An American Fight in Ukraine Brings Big Costs, No Benefits
If there was one thing that predictably united the usually squabbling Roman elite, it was the emergence of a perceived threat to Rome’s Mediterranean and near-continental hegemony. To some degree, however difficult to calculate, it is impossible to deny that
Gender Issues Depicted in ‘Period. End of Sentence.’
Menstruation. Did you feel a sense of awkwardness and shyness when you heard this word? Did you whisper it in your friend’s ear when you got it? Did you feel uncomfortable sharing about your periods with your male peers? Or
Woke Capitalism Is a Monopoly Game
In 2018, Ross Douthat of the New York Times introduced the phrase “woke capital.” Essentially, Douthat suggested that woke capitalism works by substituting symbolic value for economic value. Under woke capitalism, corporations offer workers rhetorical placebos in lieu of costlier
3 Ways Biden’s Election Was a Good Thing
In this episode, Ryan McMaken and Tho Bishop consider the counterfactual of what would have happened if Donald Trump were still president. What would the political landscape look like if it were a Republican administration dealing with historic unemployment? How would
The Myths of Reaganomics
I come to bury Reaganomics, not to praise it. How well has Reaganomics achieved its own goals? Perhaps the best way of discovering those goals is to recall the heady days of Ronald Reagan's first campaign for the presidency, especially before
Elections Now Decide Who Can Operate Your Car
With the approval of Biden's infrastructure bill, it now turns out the US government is even in control of a "kill switch" that could disable your car if you are deemed "impaired." Likely few voters realized the 2020 election was