Fed Forecasts: Financial Sport or Costly Distraction?
Forget Vegas sports betting for reckless speculation. When the Fed officials make projections, the markets assume they are accurate. However, as Jerome Powell himself admits, forecasts are speculative at best. Original Article: Fed Forecasts: Financial Sport or Costly Distraction?
What Is Seen—And What is NOT Seen: Bastiat’s Often-Ignored Wisdom
Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view. Original Article: What Is Seen—And What is NOT Seen: Bastiat's Often-Ignored Wisdom
Economics and the Real World
Much of modern neoclassical economic theory depends upon assumptions that do not reflect real world conditions. Austrian economists, however, know that realistic assumptions matter. Original Article: Economics and the Real World
Where Did the Dollar Come From?
On this week's episode, Mark takes a look back to where our dollar came from. Our nation started with silver as money: the Silver Dollar, and before that the Spanish Peso in colonial times. That type of large silver coin
Rothbard, Milei and the New Right in Argentina
Since I recognized almost twenty years ago that no person or institution has the right to initiate aggression, now is the first time I can tell a normie what my political stance is without them having no clue what I
Destroying Liberty Through State Protection: The First Amendment
For a state to continue existing in any meaningful way, it must constantly seek to centralize power. Regardless of the original intentions of a state’s founders or the heritage that a state claims, if those running the state simply maintain
Navigating the Ma(i)ze of Mexico’s GM Corn Ban
Gabriella Beaumont-Smith In December 2020, Mexico’s President Andres Manuel Lopez Obrador (AMLO), issued a decree banning genetically modified (GM) corn for human consumption. Mexico is the US’s third top trading partner for agricultural products and the number two export market for US
When It Comes to Economic Analysis, Your “Opinion” Is Irrelevant
I was recently in a room presenting to a group of about thirty. At one point, one of my fellow presenters said, “In my opinion, that is why this area of the country has lost so many jobs.” I held
Tyranny, Inc.: How “Beltway Libertarians” Failed to Convince Conservatives
From the various compromises pushed by "Beltway Libertarians" to the anti-free market rhetoric of conservative Sohrab Ahmari, government intervention has a lot of new friends. This will not end well. Original Article: Tyranny, Inc.: How “Beltway Libertarians” Failed to Convince Conservatives
Emergency Aid or Budget Trick? Assessing Biden’s $100 Billion Spending Request
Jordan Cohen and Dominik Lett The Biden administration is asking for a $100 billion supplemental spending package for Israel, Ukraine, Indo‐Pacific allies, border security, and more. This legislation would evade spending limits agreed to back in May and spend future taxpayer