Federal Jobs Report Slices Total Jobs in New Revision
We already knew recent jobs reports—as far as the establishment survey is concerned, was based largely on made up numbers.
The Only Type of Democracy that Actually Works
Ryan takes a look at Ludwig von Mises’s definition of “democracy” and how democracy only works when mixed with an unlimited right to secession.
Five Reasons Why Social Security Is an Income Transfer Program, Not an “Earned Benefit”
Romina Boccia It’s tempting to believe that Social Security is an “earned benefit”—after all, that’s a prevalent idea we’ve been sold for decades, and it feels good to think of…
John Kenneth Galbraith’s The Great Crash, 1929: A Retrospective
Although John Kenneth Galbraith promoted socialism and Keynesianism, at least he was an entertaining writer. His book, The Great Crash, 1929, provides a readable history of the stock market crash…
Kamala Harris Is Not a Radical Communist, but That Makes Her Even More Dangerous
Trump has taken to calling Kamala Harris a “communist.” But a real communist president would be hemmed in by the political class, who wants to keep the profits they’re extracting…
Protecting infant industries doesn’t help the economy
One of the excuses for levying protective tariffs is to protect emerging domestic industries. However, this kind of protectionism, contrary to popular opinion, leaves an economy worse off every time.
The rule of law and property rights
While many people currently are likely to view the rule of law as simply a collection of arbitrary rules, it involves private property rights and limits on state power.
The Fed Is Warping the Shape of the Yield Curve
As the Federal Reserve manipulates the money supply and interest rates, the yield curve becomes a less reliable indicator of economic activity. The more the Fed plays havoc with the…