Interest Rates Rise Again as Treasury Auction Comes Up Short
By Ryan McMaken The US government is on track to borrow more than two trillion dollars this year, but that’s going to require a…
MMT, Chartalism, and the Colonial Experience
By Joshua Mawhorter MMT poses two propositions: 1) that money originates according to the theory of chartalism, that is, money is essentially created and regulated by…
Cointelegraph: BlackRock flags quantum computing as risk for Bitcoin ETFs
The asset manager added a detailed overview of quantum computing threats to the risk disclosure in its Bitcoin ETF’s regulatory filing. Emerging technologies, including…
Schumpeter on the Dangers of the “Tax State”
By Joseph Solis-Mullen While Joseph Schumpeter and the Austrian School often find themselves at odds over fundamental questions in economic theory—particularly over value theory,…
500,000 Robotaxis To Hit China’s Streets By 2030
China’s robotaxi revolution is moving along at an accelerated rate when compared to any other country. By the decade’s end, Goldman analysts forecast that half a million…
The Economics of Trump’s Tariffs vs Income Tax
by Benn Steil and Elisabeth Harding President Trump has many times suggested that tariff revenue could replace the federal income tax. This claim is absurdly off-base,…
Terra Incognita
Written by Luca Martina We don’t know whether the trade war triggered by President Donald Trump stems from his ignorance of the potential consequences,…
Trump’s “Liberation Day” Tariffs Are a Mistake
Connor O’Keeffe Today, April 2, 2025, is what Donald Trump and his team are calling “Liberation Day.” Because later, the president will host an…
Jean-Baptiste Say: Neglected Champion of Laissez-Faire
Larry J. Sechrest Beyond some rudimentary facts, very little is available in English about the life of J.B. Say.1 He was born in Lyons,…