Headlines
America Needs Political Prediction Markets
Just in time for the heat of the election season, a federal agency called the Commodity Futures Trading Commission has announced it will no longer allow betting on political and election outcomes.
LOL!
"Among the full set of arguments offered for government intervention into the economy, those that are serious and credible are the exception rather than the rule. Most arguments for intervention are simply not credible,…
What the World’s Fastest-Growing Startup Cities Have in Common
Dozens of cities across the world are implementing programs to attract startups. These programs entail all sorts of government-sponsored job training, subsidies, and infrastructure programs. But do these programs actually…
Revisiting the Pokéflation
"During the massively expansionary monetary response to the Covid outbreak, the price of Pokemon cards and other assets shot to unprecedented levels. Contractionary monetary policy now has the opposite effect." ~…
The Atrocious Ethics of Fauci’s Lockdown Defense
On February 7, 1968, after American military forces rained rockets, napalm, and bombs on the village of Ben Tre in South Vietnam, killing hundreds of civilians, Associated Press reporter Peter Arnett quoted a military…
Ludwig Erhard: Architect of a Miracle
"Erhard's legacy was forged in the decade and a half after the war’s end. He forever answered the question 'What do you do with an economy in ruins?' with the simple, proven recipe: 'Free it.'” ~ Lawrence W. Reed
Biden Impoverishing Americans To Cut Emissions Won’t Even Touch Climate Change
"Americans have been cutting more emissions than any other nation. We just didn’t do it the 'right' way, through government mandates. For our reward, we’ve been sold into worse inflation, worse energy poverty,…
Fed Up With the Fed
"The Hamilton-Bagehot rule was superior to the modern Fed practice of flooding the markets with cheap money because it allowed insolvent firms to go bankrupt while supplying emergency loans to troubled but solvent…
Why Adam Smith Said ‘Virtue Is More to Be Feared Than Vice’
Wally, a coworker, walked into my office one day and announced that he’d discovered the answer to the world’s problems. And it was all so simple. People just needed to act with wisdom. If everyone acted with wisdom, then…
What Is Money? A Brief History and Overview
Money is one of the most misunderstood topics of our time, and we’re seeing the implications of this play out every day. To understand money, one first must first understand that human beings have always been incentivized to…
