Unbreakable Union: Lessons Learned from the Demise of the Soviet Union
[This week marks the one-year anniversary of the death of Yuri Maltsev. Dr. Maltsev had been an economist in the Soviet Union under Gorbachev,…
What is a “Fed Pivot,” And When Is It Likely to Happen?
By Mark Thornton Chairman of the Federal Reserve, Jerome “Jay” Powell, recently sent mysterious shock waves into financial markets with comments that suggested that…
Walter Block: Hats Off To Oregon
By Walter E. Block Many states have legalized marijuana, not just for medical purposes. They have also done so for entertainment, and hats off…
Walter Block: I Ain’t Gonna Study War No Mo!
By Walter E. Block Wouldn’t it be nice if the Israelis and Hamas could settle their differences in court instead of through battle? We…
Can Milei Really Shut Down Argentina’s Central Bank?
The monumental fiscal and monetary hole that Peronists Massa and Fernández have left for Javier Milei is difficult to replicate. Ex-president Mauricio Macri himself explained…
The Money Supply Continues its Biggest Collapse Since the Great Depression
Money supply growth fell again in October, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight…
The Dying Tiger: The Challenges Facing ASEAN
The Association of Southeast Asian Nations (ASEAN), an economic bloc consisting of ten nations, is no stranger to praise. By lifting tariffs on nearly…
Do robots reduce wages?
In the early days of automation, machines ruthlessly decimated workers’ place in the commercial order, and in return, only proffered employment which many of…
The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
Financial statements of the US Federal Reserve, which consists of the board of governors in Washington and twelve district reserve banks across the country, indicate that…
Heading Toward Another U.S. Government Default
“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” Ernest Hemingway, The Sun Also Rises, 1926. The financial position…