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China’s Industrial Policy: Ambition, Inefficiency, and a Cautionary Tale for America

While China’s economy has boomed, many people wrongly associate that success with the Chinese government’s industrial policies. Intervention has crea…

6 days, 21 hours ago

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The American Revolution and the Danger of Standing Armies

Among the key men involved in the American Revolution and the following periods, we find an oft-repeated concern that may seem foreign to us today—th…

6 days, 22 hours ago

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Oppose Graham Platner for His Socialism, Not Just His Outrageous Behavior

While Graham Platner has become controversial because of his reckless past and violent behavior, the real objection to his being elected a US Senator…

1 week ago

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The Warsh Era Begins

Episode 48

On this episode of Power and Market, Ryan, Connor, and Tho discuss the first FOMC meeting under new Fed Chair Kevin Warsh. Out? Forward Guidance. In?…

1 week ago

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The Middle Ages, "Enlightenment," and Propaganda

Names for historical periods like "Renaissance" and "Enlightenment" did not descend to us out of the heavens. Historians and propagandists of centuri…

1 week ago

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Bond Market Sell Off: Welcome to the “Titanic Effect”

Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets,…

1 week ago

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The Fed Holds the Interest Rate Steady, and Warsh Buys Time with New "Task Force" Scheme

Once we look beyond a small shift in rhetoric and emphasis, there is, so far, no reason to believe that the Fed is headed toward anything other than …

1 week ago

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Real Wages Fell for the Second Month as Price Inflation Surged

Sure, the earnings average was up year over year, but prices increased more than earnings did. In fact, price inflation hit a 38-month high in May.

Or…

1 week ago

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The Musk Trillionaire Panic Is a Distraction

Elon Musk becoming the world’s first trillionaire has triggered a familiar round of progressive outrage. But the imprecise focus on wealth distributi…

1 week, 1 day ago

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Why Justice Mattered to Rothbard

Economists like Harold Demsetz and Ronald Coase based their property rights views on utilitarianism. Murray Rothbard based his on justice.

Original ar…

1 week, 2 days ago

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