Politics
While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with...
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Politics
For more than 40 years, US farm policy has socialized farm land and transferred wealth to politically-connected people.
Politics
For more than 40 years, the Farmland Protection Policy Act has socialized US farmlands and transferred wealth to politically-connected people. What it hasn’t done...
Politics
For more than 40 years, the Farmland Protection Policy Act has socialized US farmlands and transferred wealth to politically-connected people. What it hasn’t done...
Politics
New York’s mayor-elect believes he can implement socialist policies through sheer rhetoric, as though mere words can make socialism work. However, economics involves real...
Politics
The story of how the Pilgrims at Plymouth Rock abandoned the common labor system and embraced private ownership is well known. While at first...
Politics
Politicians and central bankers invoke “contagion” to demand more power and money, while their interventions cause the very fragility they decry.
Politics
The standing myth about AI is that it will put everyone out of work and leave the Marxian Reserve Army of Labor. The other...
Politics
Portugal’s Estado Novo, which dominated politics for more than 30 years there, and was firmly anti-capitalist. It has been 50 years since Estado Novo’s...
Politics
For 150 years, Thanksgiving has been primarily an apolitical holiday that’s really about family fun and eating a huge meal.
Politics
While the Fed continues its “two percent” charade, the central bank has been inflating the US economy into ruin. The latest Fed capers will...
Politics
Historian Richard Hofstadter was a well-known progressive, but his take on Abraham Lincoln certainly differs from the hagiographic approach most US historians take toward...
Politics
Bob walks through a recent WIRED video on “the economics behind the Great Depression,” correcting its claims on lax regulation, Hoover’s alleged inaction, the...
