Easy Money Breeds Fraud: The Cases of Tricolor and First Brands
By Artis Shepherd It is an axiom of asset bubbles that—under the bustling surface—widespread malfeasance takes place. This is especially true near the end…
How Common Has Private Currency Been?
By Lawrence H. White Recently, an investment advisor and Bitcoin proponent tweeted the claim that “[f]or most of human history” the “[s]eparation of money and state was…
No, Tariffs Did Not Cause September’s Budget Surplus
By Ryan McMaken According to the Treasury Department’s monthly report for September, the budget deficit turned positive last month, with tax receipts coming in at…
Prominent Personalities Sign Letter Seeking Ban On ‘Development Of Superintelligence’
Authored by Andrew Moran via The Epoch Times, Hundreds of people, from conservative commentators to prominent tech executives, have signed a letter seeking a ban on…
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…