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Politics

If Only FTX Could Use the Fed’s Accounting

What happens to businesses when liabilities exceed assets? They go bankrupt, with the spectacular failure of FTX being front-and-center. However, the Federal Reserve is...

12 hours ago

Politics

Who Owns the Gold?

With people calling for an audit of the US gold stores at Fort Knox, perhaps we should remember how that gold got there in...

15 hours ago

Politics

McMaken Talks Gold Reserves on the ‘World Affairs in Context’ Podcast

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16 hours ago

Politics

Peace as a Prerequisite for Civilization

While men like Murray Rothbard and Ludwig von Mises believed in “just” war, nonetheless, they did not believe that wars lead to “just” outcomes,...

October 22, 2024

Politics

The Birth of “Irrational Exuberance”

Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France’s minister of finance more than...

October 21, 2024

Politics

What is Old School Economics?

When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common sense.” That...

October 20, 2024

Politics

Yes, Car Seat Laws Reduce the Birth Rate

Thanks to increasingly broad car-seat laws, a third child often requires the purchase of a larger, more expensive vehicle. At the margins, this has...

October 20, 2024

Politics

Hayek on the Welfare State

While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that it was...

October 20, 2024
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