The Fed Claims the Banking System is “Sound and Resilient.” The Banks’ Balance Sheets Say Otherwise
The wordsmiths at the Federal Reserve wisely omitted the line about a “sound and resilient” banking system in its statement on January 31. That same day shares of New York Community Bank plunged when the bank announced a loss of
Do We Really Want to Go There? A Michigan Jury Endorses Vicarious Criminal Liability
A Michigan jury this past week convicted Jennifer Crumbley of “involuntary manslaughter” after her then-fifteen-year-old son Ethan shot and killed four of his classmates at Oxford High School in 2021, using a gun that his parents had given to him
Friday Feature: St. John the Baptist Hybrid School
Colleen Hroncich With a long‐time career as a Physician Associate in cardiology, Sharon Masinelli might not seem like someone who would become an education entrepreneur. But sometimes fate takes an interesting turn. “My children were homeschooled in a hybrid program for about seven years,”
What Can We Learn from the Latest Pentagon Audit? Both Plenty and Not Much
No one was surprised last November when the Pentagon failed its sixth audit, serving up a sorry record of zero and six. The accomplishment received little mainstream media coverage. Scott Ritter excoriated his former employer (and mine) over the fraud,
Memo to Congress: Before Acting on FISA, Get the Full Facts
Patrick G. Eddington
“Nonsense on Stilts”: The Rhetorical Cornerstone of the American Welfare/Warfare State
In a 1922 essay about Lincoln’s Gettysburg Address in his book Prejudices: Third Series H.L. Mencken asked, “Am I the first American to note the fundamental nonsensicality of the Gettysburg Address”? One example of the nonsense of Lincoln’s rhetoric as explained by
US Trade Data for 2023 Debunk Common Globalization Myths
Scott Lincicome
Responding to James Lindsay’s Critique of “National Divorce”
Bob goes solo to give a point-by-point rebuttal to James Lindsay's recent essay arguing that "national divorce means national suicide." Bob argues that James employs inconsistent claims and ignores the tremendous economic boon to an independent Texas. James Lindsay's Article "National
The Dangerous Consequences of the German Historical School
Ludwig von Mises spends a good deal of time attacking the German Historical School of Economics in Human Action and other works. The doctrines of the school are no longer influential, although as the philosopher and economist Birsen Filip notes
New working paper: “They doth protest too much, methinks: Reply to ‘Reply to Whitehead’”
They doth protest too much, methinks: Reply to “Reply to Whitehead” John C. Whitehead No 24-04, Working Papers from Department of Economics, Appalachian State University Abstract: Desvousges, Mathews and Train (2020) point out a mistake in my comment on their 2015 paper. When