The Fed lowers interest rates ostensibly to “stimulate” the economy. But while the Fed claims it is strengthening the economy, it actually weakens it through its easy-money policies.

Original article: Does the Fed’s Lowering the Interest Rates Strengthen Economic Growth?

Tariffs don‘t just raise consumer prices. They also affect capital flows and, on numerous occasions, have triggered stock market crises. What tariffs don‘t bring is prosperity.

Original article: A Brief History of Tariffs and Stock Market Crises

The political theorist Anthony de Jasay takes on the left‘s ideas of equality, and David Gordon is there to agree—and disagree. Jasay likens the left‘s view of equality to the Indian Rope Trick.

Original article: The Indian Rope Trick

For nearly 30 years, the Fed has pursued an easy-money policy that has made the economy increasingly dependent upon the next round of “stimulus.” Reversing that policy will mean, at least in the short run, a stiff recession before the economy rebounds, which is a non-starter today.

Original article: Markets Made of Glass—How the Fed Destroyed Economic Resilience

While people who “prep” for disaster (called preppers) are ridiculed by political elites and their media, their actions are perfectly rational. In this article, economist Mark Thornton explains why prepping for natural disasters makes economic sense.

Original article: The Economics of Prepping

While it is tempting to think of state power as being maintained by sheer force, it still needs a “theological” justification, be it secular or religious. The US state is no exception.

Original article: The Political Theology That Maintains State Power

Contrary to anti-freedom myths, "greedy" business owners don't decide what prices will be for goods and services. 

Original article: Don’t Knock Nock

Contrary to anti-freedom myths, "greedy" business owners don't decide what prices will be for goods and services. 

Original article: Why Austrian Business Cycle Theory Is Better than Keynesianism

As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way. 

Original article: Why Austrian Business Cycle Theory Is Better than Keynesianism

Capitalism is characterized by the private ownership of capital, coming from Lockean homesteading principles, and not from state coercion and force.

Original article: Nine Months of Javier Milei as President of Argentina: A Critical Assessment