Politics
This week, interest rates spiked as Trump’s spending problem convinced investors they want higher yields for trillions of new federal debt.
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This week, interest rates spiked as Trump’s spending problem convinced investors they want higher yields for trillions of new federal debt.
Mark Thornton reflects on the persistent misconceptions about capitalism in America and offers up a “Marxist interpretation” of our dilemma.
Why do cultures degenerate? Robin Hanson cites biological factors, but Mises and the Austrians point directly to purposeful choices.
France is facing critical shortages of a number of drugs, and one need look no further for a cause than a price control regime....
“Modern medicine looks more like a religion than a science—and its priests are bureaucrats.”
“In government, failure is success—and the worse you do, the more money you get.”
“Bureaucracies never had to prove they helped—they only had to follow the rules and demand obedience.”
Foreign direct aid has failed to alleviate worldwide poverty. Nations with secure property rights have prospered.
The late Burt Blumert once told me “in tough times fortunes change hands.” For some, that time has come.
Carl Menger wrote, “All things are subject to the law of cause and effect.” Unfortunately, modern academic economists all too often confuse correlation of...
US airstrikes on Yemen killed 95 civilians and injured 192 last week. Very little US trade requires the Suez Canal, so this is about...
Trump’s trade war is so successful that he’s planning to bail out the farmers who will suffer under the trade war.
62% think tariffs will be a net liability in the long run. Even more think it will be costly in the short run. They’re...
Lower income countries like the D.R. often face much higher relative costs than rich countries when it comes to dealing with waves of migrants.