[Chapter 1 of Rothbard's newly edited and released Conceived in Liberty, vol. 5: The New Republic: 1784–1791.] After peace came in 1783, the new republic faced a two-fold economic adjustment: to peacetime from the artificial production and trade patterns during the war, and to a far different trading picture than had existed before the war. The largest change between the two eras of peace was the shift in trading patterns resulting from independence. Most...
Read More »Time Is Running Out!
YOUR GIFT WILL HELP US DO MORE IN 2024. With your gift of $25 or more, you will receive a copy of Joe Salerno's The Progressive Road to Socialism. Recurring donors of $10 who give $100 will also receive a copy of The Progressive Road to Socialism and renew their Membership through 2024. Donate today! [embedded content] Tags:...
Read More »Central Banks Brought Inflation. Now they Bring Stagnation.
Although the Federal Reserve and the European Central Bank’s message regarding interest rate cuts seems clear, reiterating their commitment to reducing inflation, the market is expecting between five and six interest rate cuts, between 125 and 150 basis points, in the next twelve months. This shows us the bubble bias of many investors. We live in a world where two generations of market participants have only seen rate cuts and massive liquidity injections. Central...
Read More »2023: A year in review
After the catastrophic covid crisis of 2020 and 2021, the extremely impactful and consequential Russian invasion of Ukraine in 2022, many hoped that 2023 would break this terrible bad spell and finally present us all with some hope, economically, geopolitically, socially, technologically. Unfortunately, it only offered further reasons for serious concerns on all these fronts. Economically, even though the official inflation rate followed a downward...
Read More »Federal Student Loans Drive Up College Tuition Levels
Like every other government program designed to make something “more affordable,” the student loan program has managed to drive college tuition to atmospheric levels and saddle students with massive levels of debt. Original Article: Federal Student Loans Drive Up College Tuition Levels [embedded content] Tags:...
Read More »Let them Merge: Foreign Acquisition of US Steel
Nippon Steel's proposal to merge with US Steel is meeting opposition from the usual suspects in Washington, not to mention Tucker Carlson. Their hysteria is off the charts. Original Article: Let them Merge: Foreign Acquisition of US Steel [embedded content] Tags: Featured,newsletter
Read More »America’s Corn Crop Comes from “Corny” Subsidies
America's famous Corn Belt should better be known as the nation's Subsidy Belt. Original Article: America's Corn Crop Comes from "Corny" Subsidies [embedded content] Tags: Featured,newsletter
Read More »Tyler Cowen on the GOAT in Economics
Tyler Cowen is Holbert L. Harris Chair of Economics and chairman of the Mercatus Center at George Mason University. With Alex Tabarrok, he runs the popular economics blog Marginal Revolution. Tyler joins Bob to discuss his latest book. Tyler's New Book for Free: Mises.org/HAP428a Tyler's Blog: Mises.org/HAP428b Join Tom DiLorenzo, Joe Salerno, and Patrick Newman in Tampa on February 17: Mises.org/Tampa2024Use code "Action24" for 15% off admission. Human Action...
Read More »The Bad Deal That Was the New Deal: FDR’s Assault on Individual Rights
The New Deal’s War on the Bill of Rights: The Untold Story of FDR’s Concentration Camps, Censorship, and Mass Surveillanceby David T. BeitoIndependent Institute, 2023; x + 379 pp. Few if any readers of this column admire Franklin Roosevelt, but as the historian David Beito reminds us in this outstanding book, most of his professional colleagues rank Roosevelt among our greatest presidents, second only to Abraham Lincoln. Those who accord him this rank usually stress...
Read More »When Medical Authorities Went Totalitarian: Understanding Covid Policies and Protocols
Review: The New Abnormal: The Rise of the Biomedical Security State Senator Rand Paul mentions Aaron Kheriaty’s The New Abnormal: The Rise of the Biomedical State in his book Deception: The Great Covid Cover-Up. Dr. Kheriaty’s online biography includes the following information: Dr. Kheriaty is a plaintiff in the landmark free speech case Missouri v. Biden challenging government censorship on social media. . .. Dr. Kheriaty also serves in teaching and advisory roles...
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