Misunderstanding Both Lincoln and Basic Economics
Our Ancient Faith: Lincoln, Democracy, and the American Experimentby Allen C. GuelzoAlfred A. Knopf, 2024; 247 pp. Allen Guelzo has been carried away by Abraham Lincoln’s magniloquent rhetoric. Guelzo, a historian who has written a number of books about Lincoln, would
List of 120+ Biden Actions to Help Try To ‘Shut the Border’
David J. Bier Several news reports indicate that in his upcoming State of the Union address, President Biden plans to announce a major executive action to “shut down the border.” This action would be the latest in a long list of measures President
Friday Feature: Valiant Cross Academy
Colleen Hroncich “This year’s million dollar prize for the Yass award goes to Valiant Cross Academy.” Those words, spoken by Janine Yass at the December 2023 Yass Prize Celebration, set off a whirlwind for Anthony Brock. He and his brother Frederick founded Valiant
Hubris Runs Rampant at the Fed
Prices will always increase, some small banks will fail, and the Fed was asleep at the switch when the run on Silicon Valley Bank occurred. Fed chair Jerome Powell admitted those three things in response to Scott Pelley’s questions on
Welfare for Migrants Ensures the Border Crisis Will Continue
Earlier this month, The New York Post reported that the mayor of New York is giving away pre-paid cash cards—each carrying "up to $10,000"— to foreign nationals in New York. Most of these foreign nationals—i.e., "illegal immigrants"—have arrived in New
The SEC’s Market Surveillance System Implicates the Fourth and Fifth Amendment Rights of Investors
Brent Skorup, Anastasia P. Boden, and Jennifer J. Schulp In this “smart” and digitized world, nearly everything we do could be captured, stored, and made accessible to the government. The time we wake up (using our phone’s alarm), the places we
They’ll Never Pay Down the National Debt
Ryan McMaken and Tho Bishop talk with Jane Johnson about why the feds will never pay down the debt. Instead, they have two choices: rampant inflation or default. Discussed on the Show "The Federal Mega-Debt is Here to Stay" by Jane L. Johnson: Mises.org/RR_174_A Claim your
Do Human Emotions Better Help Us Understand Economic Analysis?
According to behavioral economics (BE), emotions play an important role in an individual’s decision-making process. For example, if consumers become more optimistic regarding the future, then this is going to send a message to businesses regarding investment decisions. According to
Cato Seeks Injunction To Obtain DOJ Internal FISA Audits
Patrick G. Eddington Maximum public transparency has never been achieved during prior congressional debates over the Foreign Intelligence Surveillance Act (FISA) Section 702 electronic surveillance program. In an effort to break that pattern, the Cato Institute today filed a motion for a preliminary
The Homo Economicus Myth
Among the larger albatrosses burdening the economics profession is the idea of Homo economicus. To this day, most economics undergraduates hear about it in the context of neoclassical economics. Homo economicus, we are told, is the ideal economic man who