How Rent-Seeking Wrecks the Soul of Enterprise
By Kimberlee Josephson Whenever financial assistance or opportunities for achieving favorable gains are present, rent-seeking often follows. Rent-seeking, as conveyed by Robert Tollison refers…
Is High Inflation Followed by Demands for Sound Money? Usually Not.
By Brendan Brown The severe losses for the center-right parties in the mid-summer French and British general elections, (i.e., Macron’s center-right coalition partners and…
The Coming US Budget Disaster Will Impoverish Americans
By Daniel Lacalle Deficit spending is not a growth tool. It is the recipe for stagnation. The latest Congressional Budget Office (CBO) budget and economic outlook…
Why is Bitcoin Valuable?
The surge of cryptocurrencies has garnished an array of opinions on the matter. While some people hold a positive outlook, others see cryptocurrency as…
Understanding the Montaigne Fallacy
By Mark Thornton With the world moving more and more in the direction of trade protectionism and war, it is worth remembering the origin…
Don’t Call It Free Trade
By Connor O’Keeffe Earlier this month, The Atlantic ran an article by Rogé Karma arguing that after nearly half a century of commitment to unmitigated free trade, politicians and…
Is The Fed Manipulating the Market?
Some critics of the Federal Reserve argue that central bankers manipulate the market whenever they adjust interest rates. For example, in an article in…
How the Fed Helped Create the China Bubble—and Bust
By Brendan Brown The salvo from Washington as it unleashes the Green War with China leaves no doubt about the perilous state of Sino-US…
The Fed Fears a Bond Meltdown
By Daniel Lacalle The money supply (M2) has bounced to March 2023 levels and has been rising almost every month since October last year….
BANK OF ENGLAND MAKES THE CASE FOR TAXPAYER BAILOUTS OF CENTRAL BANKS: IT’S MANDATORY
Introduction The Bank of England has taken the lead amongst the world’s central banks in issuing a working paper about how central banks can…