The entrepreneurs try to undertake only such projects as appear to promise profits. This means that they endeavor to use the scarce means of production in such a way that the most urgent needs will be satisfied first, and that no part of capital and labor will be devoted to […]
Gone are the days of the Federal Reserve hiding in the shadows. Now it’s a woke central bank fighting for climate and racial justice. Progressives must not fall for this but instead team up with the populist right to audit the Fed and demand transparency. Let the healing begin! If […]
Marijuana, i.e., cannabis, is now legal in eleven states for recreational use, thirty-three states for medical purposes, and another sixteen states have decriminalized it (usually fines for possession of small amounts). The upcoming election will see several legalization ballot measures, including recreational use legalization in Arizona, Montana, and New Jersey […]
Today’s headlines announced Donald and Melania Trump “tested positive” for covid-19. Another claims nineteen thousand Amazon workers “got” covid-19 on the job. Both of these pseudostories are sure to ignite another absurd media frenzy. As always, the story keeps changing: Remember ventilators, flatten the curve, the next two weeks are […]
When someone asks what the price of gold is, the answer depends on which gold market he means. In most cases, the different gold markets are close enough that the minor differences are insignificant. TV news anchors just want to know if the price is in a major trend, up […]
The Federal Reserve has potentially had the most memorable year in its more than a century–long history. What started out as a year of “Will they or won’t they cut interest rates?” blossomed into a time of slashing rates to near zero, unleashing unlimited quantitative easing, purchasing corporate and municipal […]
The welfare state has done to black Americans what slavery couldn’t do….And that is to destroy the black family. –Walter E. Williams, the Wall Street Journal On August 14, the Commission on Social Status of Black Men and Boys Act was signed into law. It establishes a nineteen-member panel within […]
The welfare state has done to black Americans what slavery couldn’t do….And that is to destroy the black family. –Walter E. Williams, the Wall Street Journal On August 14, the Commission on Social Status of Black Men and Boys Act was signed into law. It establishes a nineteen-member panel within […]
The US Fed is considering lifting its inflation target above 2 percent in order to revive the economy. Contrary to the accepted practice, the Fed is not expected to raise an alarm if the measured price inflation begins to rise. The US central bank is not expected to counter this […]
This is astonishing, even by 2020 standards. The Centers for Disease Control and Prevention, operating under the US Department of Health and Human Services, has asserted jurisdiction over private residential leases nationwide. It intends to curtail evictions until at least the end of the year, and in fact its new […]