A Chip Off the Old Block
Michael and Walter Block discuss the Ukrainian conflict, reparations, immigration, and the Israel-Palestine conflict.
New Jones Act Ship Offers Cautionary Tale of Shipbuilding Protectionism
Colin Grabow Earlier this week an unusual event took place: a U.S. shipyard delivered an oceangoing merchant ship. Named the Janet Marie, the vessel will transport goods between Hawaii and the U.S. mainland. Anyone tempted to toast the new ship as a symbol
Government Power Is Just as Dangerous in “Private” Hands
Thomas A. Berry In 2020, Congress passed the Horseracing Integrity and Safety Act (HISA). HISA established a private nonprofit corporation called the Horseracing Integrity and Safety Authority (the Authority). HISA empowered the Authority to formulate detailed rules governing the thoroughbred horseracing industry.
Egalitarianism as a Revolt Against Safety
There are certain goods and services that egalitarians, as third parties, would prefer that no one enjoys rather than for some to have more than others. (The proviso “as third parties” is necessary since egalitarians will not do without these
American Compass Dystopia: “Rebuilding” American Capitalism
Norbert Michel A few weeks ago, American Compass released Rebuilding American Capitalism, A Handbook for Conservative Policymakers. After I provided a very brief critique of the handbook’s “Financialization” chapter in a Forbes column (American Compass Points To Myths Not Facts), Oren Cass, American Compass’s Executive
FDA Finally Allows OTC Access to One Brand of “Minipill”—A Mini‐step in the Right Direction
Jeffrey A. Singer The Food and Drug Administration announced this morning that it has granted marketing approval for the over‐the‐counter sale of one type of birth control pill, a progestin‐only pill (also called the “minipill”). As explained here, the minipill is not
Banks Create Money out of Thin Air. What Could Possibly Go Wrong?
How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out. Original Article: "Banks Create Money
States Can Curb Federal Power through “Soft Secession”
Former Mises Institute president Jeff Deist wrote on the concept of “soft secession” in September 2021. The article talks about how left-leaning states have an opportunity to embrace an abundance of progressive policies for their citizens—without leaving an open door
The Fed Should Continue to Hold Steady
Jai Kedia From the moment the Fed announced its decision last month to hold target rates steady, it seemed a future rate hike was inevitable. Minutes from that FOMC meeting already showed some disagreement, with a few voices such as Dallas Fed President
My Washington Post Letter to the Editor about Portugal’s Drug Decriminalization
Jeffrey A. Singer On July 7, the Washington Post ran a story by Anthony Faiola and Catarina Fernandes Martins with the headline, “Once Hailed for Decriminalizing Drugs, Portugal is Now Having Doubts.” The authors report that Portuguese policymakers are beginning to doubt