Price Inflation Accelerated in October Following the Fed’s Rate Cut
Jerome Powell yesterday struck a far more cautious tone on price inflation and stated “The economy is not sending any signals that we need to be in a hurry to…
Stanley’s Orwellian Anti-Fascism
Elite higher education in the US often seems to be a caricature of itself. As David Gordon shows, Yale University‘s Jason Stanley has redefined fascism to include the nuclear family…
“NAFTA Fever” and the Myth of Government-Created Free Markets
Critics of free markets claim that 1980s and 90s were near-pure laissez-faire when, in reality, the regulatory state didn‘t go away. The North American Free Trade Agreement supposedly was the…
The Context Behind Donald Trump’s “Takeover” of the American Right
The current civil war on the American right is only the latest chapter in a much older story.
Stanley’s Orwellian Anti-Fascism
Elite higher education in the US often seems to be a caricature of itself. As David Gordon shows in this version of Friday Philosophy, Yale University‘s Jason Stanley has re-defined…
Caplan’s Errors on the UAE and Open Borders
In a recent Substack posting, economist Bryan Caplan held up the United Arab Emirates as an example of how open immigration can be successful. However, as Artis Shepherd notes, Caplan…
The Fed’s “Temporary” Mortgage-Backed Security Experiment Will Last Decades
It seems likely the mortgage-backed securities will be on the Fed’s balance sheet until they finally mature. In the meantime, they will continue racking up billions of dollars in cash…