Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.
The Fed is launching a new billionaire bailout designed to keep banks afloat, and the FDIC is promising to back potentially trillions in deposits. The taxpayer will ultimately be on the hook. Original Article: "Yes, the Latest Bank Bailout Is Really
Running the LA marathon is exhausting…
...I know because I watched my second oldest daughter run it on Sunday and she looked really tired at the end (Picture is at the start line at Dodger Stadium the day before the race).
Last week I began a research project for @FoothillsOfNC
On the Monday of spring break I drove to Morganton, NC and visited Oak Hill Community Park and Forest: Located 10 minutes from downtown Morganton, the park will be a hub for outdoor recreation, education, agriculture and archaeological exploration for Morganton
Why Governments Waste Resources: The Case of Newfoundland’s Joseph R. Smallwood
A key principle in understanding Austrian economics is seeing the inefficiency of government spending. In an era of overbearing states and reckless fiscal policy, this principle must be emphasized repeatedly. Politicians might claim the best of intentions when dishing out
Government Is as Government Does
If we have learned anything from hundreds of years of government oppression and atrocities, one thing is certain: government isn't our friend. Original Article: "Government Is as Government Does" This Audio Mises Wire is generously sponsored by Christopher Condon.
Donald Trump Is Wrong about Tariffs and Mercantilism
During the past few weeks, Donald Trump has been releasing some of his proposals if he were to win the election in 2024. While many of his positions pose great danger to personal liberty, such as his plan to “end
The Phillips Curve Is an Economic Fable
Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory. Original Article: "The Phillips Curve Is an Economic Fable" This Audio Mises Wire is generously sponsored by
The New Deal and Recovery, Part 25: The RFC, Continued
(This is the second installment of a three-part essay. The first part is here.) Big Engines that Couldn't Although Hoover's Reconstruction Finance Corporation (RFC) was "more largely a banker's loan bank than anything else" (Ebersole 1933, 477), financial institutions were never the
Socialism Isn’t about Creating Economies. It Is about Amassing Political Power
Ludwig von Mises wrote Socialism: An Economic and Sociological Analysis, a small book published in 1922, which demonstrated that economic calculation in a socialist commonwealth is impossible. Of course, Mises assumed that the purpose of an economy, even a socialist
It Turns Out that Hundreds of Banks Are at Risk
It’s the weekend, but our fresh Financial Crisis does not sleep. And a recent study says we’ve only seen the tip of the iceberg. The Washington Post yesterday wrote: “If banks were suddenly forced to liquidate their bond and loan portfolios,