The Corrupt Nature of DEI
Even though DEI (Diversity, Equity, and Inclusion) has been taking a beating with some state legislatures, it still has a corrupting influence, especially in higher education. As Murray Rothbard pointed…
New Cato Docuseries on the Faces of Globalization
Scott Lincicome One of the main motivations behind Cato’s ongoing Defending Globalization project was that most public discussions of “globalization” miss what it actually is. When we hear the word,…
No Matter the Form, Easy Money Is Still a Fraud
Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices, private property rights, and profits and…
Who Killed Liberalism? Remembering the Walter Lippmann-Mises Colloquium
With Europe moving toward conflict in 1938, a number of economists and other intellectuals met in Paris to try to revitalize liberalism. Ludwig von Mises also was there as a…
Keynes Was Not Much Better at Investing than He Was at Understanding Economics
John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he was more famous for his success in promoting his views…
The Manifestation of Economic Laws Across Societies and Epochs
Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices, private property rights, and profits and…
The Perils of Lawfare
One sign of a fraying society is that its laws increasingly become political tools. The latest round involves Democrats trying to use criminal law in a very questionable way to…
Does the Central Bank Determine Interest Rates?
A common belief among economists is that the central bank determines what interest rates should be. But is that accurate? Indeed, there is more to the story.
How the Bankers Outfoxed the Politicians
When the bankers called for a central bank in the US, they claimed to only want a way to stop bank runs. It turns out that they wanted—and got—much more.…
The Constitution’s Negative Effects on Free Trade
While the US Constitution made the US a large free trade zone, prohibiting states from erecting trade barriers against each other, it also empowered the central government to erect tariffs…