News
The Fed Is Overindebted, Isn’t It?
Behind closed doors, the report is already making the rounds in expert circles: if you follow the rules of sound...
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The Income Tax: Lessons from the Sixteenth Amendment
The passage of an income tax in the early twentieth century was an enormous shift toward a far more centralized...
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Prevent Future Losses Like East Palestine by Reducing Regulation and Empowering Torts
To prevent rail accidents like the one in East Palestine, dial back government regulation and allow the tort system to...
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Was Japanese Colonialism the Engine of Later Prosperity for Korea and Taiwan? Probably Not
Mainstream historians attribute the postwar economic success of South Korea and Taiwan to the legacy of Japanese colonialism. The Japanese...
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Disinformation and the State: The Aptly Named RESTRICT Act
Federal laws with acronyms are usually bad news. (Think the USA PATRIOT Act.) The RESTRICT Act is yet another Orwellian...
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Lincoln’s Main Target Was “Anarchy” and Secession, Not Slavery
Once the Southern states accepted the Thirteenth Amendment, Lincoln was entirely content for the old Southern elites to resume their positions of...
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A Pyrrhic End to 130 Years of Vicious Bad Money and Banking Crises
The current banking crises have deep roots in US financial history. Monetary authorities have engaged in inflationary behavior for more than...
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Bank Reserves
Bank reserves are seldom mentioned except in cases of bank runs. The other possible mention is all the interest money...
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Argentina Sleepwalks into Hyperinflation (Yet Again)
The Argentine peso has lost half its value in one year. Both the official and parallel exchange rates with the...
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