Consumer Credit Is Expanding Even While the Fed Pushes up Interest Rates
To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target. —Janet Yellen We have sighted the enemy and he is us. —Pogo On July 26, 2023, the Federal Reserve raised interest rates by a
Slobodian Contra Rothbard
Crack-Up Capitalism will be of interest to many readers of The Austrian because of what it says about Murray Rothbard; and for the most part, I shall limit my review to discussing this. The main point of the book is
Thatcher’s New Style of Government
The possible bankruptcy of Thames Water Company in Great Britain brings to mind the heady days 40 years ago when Margaret Thatcher's government was privatizing state-owned enterprises, including TW. Not all privatization stories have happy endings. Original Article: "Thatcher's New Style
Bankruptcy — Gradually, Then Suddenly?
Romina Boccia As the end of fiscal year 2023 approaches on September 30, Congress is planning to roll spending into another short-term continuing resolution that will fund the government likely to early December. This is a bad deal for taxpayers and
Statism Stands against Free Trade and Free Association
People cavil much about Ricardo’s law of association, better known under the name law of comparative cost. The reason is obvious. This law is an offense to all those eager to justify protection and national economic isolation from any point
Teaching opportunity cost with a Veconlab experiment: comparing F2F and online classes
My go to classroom experiment has been Veconlab's supply and opportunity cost experiment for at least a decade (here is a 2016 post). Here is the abstract from Holt et al. (2010): This paper describes an individual choice experiment that can
The Bombing of Hiroshima: The Crime and the Cover-Up
The real effects of the atomic bomb on Hiroshima were hidden from Americans until the New Yorker published an exposé in 1946. Americans finally were confronted with the truth—even if they didn't want to believe it. Original Article: "The Bombing of Hiroshima: The Crime
Let’s Examine Some REAL Crimes Committed by Presidents
Former president Donald Trump is facing ninety-one criminal charges as he seeks to win back the White House in 2024. The indictments are the latest battle in a roughly six-year crusade against Trump that first sought to remove him from
EWG Farm Policy Summit
Chris Edwards With the congressional debate over a new farm bill on the horizon, the Environmental Working Group (EWG) held a conference today to examine farm policies. The speakers included both environmentalists and fiscal conservatives who share views that some farm programs are
The Problem with Public Transit
Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame. Original Article: "The Problem with Public Transit"