Dividing the Housing Market
In this week's episode, Mark explains why the market for existing homes has been diverging from the market for new houses. The Fed ZIRP, QE and Covid bailouts have locked Americans into their mortgages and low payments, reducing the supply
Rothbard: Essentials of Money and Inflation
Money is a crucial command post of any economy, and therefore of any society. Society rests upon a network of voluntary exchanges, also known as the “free-market economy”; these exchanges imply a division of labor in society, in which producers
The Five Stages of Bank Failure Grief
The talking heads on financial TV ask everyday where we are in the banking crisis. Is it over yet? After scooping up First Republic, JP Morgan’s Jamie Dimon said, “This part of the crisis is over.” After he said that,
Crowding Out: The Fed May Be Killing the Private Sector to Save the Government
The Federal Reserve’s balance sheet reached its all-time high in May 2022. Since then, it was supposed to drop at a steady pace and shed three trillion US dollars by 2024. The normalization of monetary policy was built on the idea of
Thanks to Sanctions, The US Is Losing Its Grip on the Middle East
On Friday, members of the Arab League welcomed the Syrian regime back to the organization. Representatives from several Arab member states shook Syrian leader Assad's hand and gave him, a "warm" reception according to several news outlets. Syria was suspended from the
FBI Budget
Chris Edwards The Federal Bureau of Investigation (FBI) is in the news with the release of the Durham report and this week’s testimony in the House about the agency’s politicized leadership. In response to the FBI’s recent failures, many columnists and
You Don’t Like It? Leave! The Telling Sophistry of Tax Apologists
Contrary to the worldview of progressives, taxation and the coercion it brings are not part of a "social contract." Instead, they are implemented by force. Original Article: "You Don’t Like It? Leave! The Telling Sophistry of Tax Apologists"
Government Redistribution Is the REAL Trickle-Down Economics
On April 6, 2023, President Joe Biden’s Twitter account sent the following message: “Trickle-down economics doesn’t work.” Trickle-down economics is a phrase that is often thrown around negatively to ridicule those who believe that the free-market system is the best
SCOTUS Sidesteps Section 230
Will Duffield Gonzalez v. Google, a much‐watched Supreme Court case about whether Section 230 protects algorithmic curation, ended with a whimper on Thursday. In a three page per curiam opinion, the Court avoided addressing Section 230 at all. Instead, the court decided Gonzalez via
There’s No Place like Noam
Illegitimate Authority: Facing the Challenges of Our Timeby Noam Chomsky, edited by C.J. PolychroniouHaymarket Books, 2023; x + 330 pp. Noam Chomsky is universally respected for his contributions to linguistics and to the philosophy of mind, but he is a “public