Britain’s Double Bind: Inflation, Productivity, and the Limits of Monetary Policy
Why Procrustean Politics Undermines Growth and How the SHIFT and LEAP Frameworks Offers a Path to Sustainable Prosperity By Elias Sanchez and Ritvik Verma…
The Nature of Bureaucracy
By George Ford Smith “The need to limit the discretion of subordinates is present in every organization.”— Ludwig von Mises, Bureaucracy “General Turgidson, I find…
With Its Latest Rate Cut, the Fed Serves Wall Street and the Regime
By Ryan McMaken On Wednesday, the Federal Reserve’s Federal Open Market Committee cut the target policy rate by 0.25 percent, bringing the target down to…
Hobbes and the “state of nature”
In 1651, the English philosopher Thomas Hobbes imagined life in the “state of nature”—that is, a world without governing institutions and guardrails. This world…
The Price of Cheap Fuel
How diesel subsidies left Potosí choking on its own transport system By Elias Sánchez Stepping out of Potosí’s new bus terminal—gateway to one of…
Green Markets, Not Green Leviathans
How bottom-up rules and private property can protect the environment better than distant bureaucracies By Elias Sanchez While travelling through the Bolivian Amazon, I…
No Matter Who Is President, Don’t Trust Government Data
by Connor O’Keeffe President Trump caused a stir last Friday after he fired the head of the Bureau of Labor Statistics (BLS) hours after…
Trade-Offs in Trump’s Trade Policy
by Michael Froman One of the hardest jobs of a policymaker is to weigh trade-offs. Few policies are clean, absolute, and without costs. The…
Fungibility: The Legal Fiction at the Heart of Modern Money
From gold to government IOUs—the quiet revolution in what money means By Elias Sanchez Ask someone what money is, and they’ll likely gesture to…
The Economic Success of Singapore and Hong Kong
By Lipton Matthews Bryan Cheang’s Economic Liberalism and the Developmental State is a timely and intellectually daring book that enters the long-standing debate over the East…