Topic: Capitalism

chess board

Managing the Chessboard of Human Society: Lessons from the Online Chessboard

– June 19, 2020

” It seems reasonable that we will never actually master every possible detail of chess, Monopoly, and other games. If games that happen within very well-defined spaces according to very well-defined rules present such insurmountable difficulties, I’m definitely skeptical of the notion that we can design and control a great society.” ~ Art Carden

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clouds, building

The Fed Can’t Revive the Dead, But It Can Delay Their Recovery

– June 17, 2020

“Central planning was tried in the 20th century, and it failed miserably. As evidenced by the U.S. economy’s dynamism, the Fed’s actual power is a fraction of what its supporters and critics both presume.” ~ John Tamny

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people, gas station

Tear Down this Plexiglass!

– June 17, 2020

“To paraphrase Ronald Reagan, who challenged Mikhail Gorbachev to eradicate another major symbol of fear and mistrust in the world, I urge us to tear down this plexiglass.” ~ Anthony Gill

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markets, going down

Ignore the Cooing of the Deficit Doves

– June 15, 2020

“We skeptics of government power should never stop warning of the dangers of deficit financing, for such financing lowers political decision-makers’ costs of expanding government’s size and scope.” ~ Donald Boudreaux

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money, federal reserve

How the Federal Reserve Literally Makes Money

– June 11, 2020

“The Fed is spending up to US$2.3 trillion to help save the U.S. economy from the coronavirus recession. But where does all that money come from?” ~ William J. Luther

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Keep the Fed Out of Municipal Finance

Keep the Fed Out of Municipal Finance

– June 11, 2020

“Chairman Powell should follow the advice of his predecessors. With the program still in its infancy and economic recovery already underway, now is the time to end the MLF in order to preserve the Fed’s independence, maintain the separation between fiscal and monetary policy, and deter additional calls for municipal bailouts in the future.” ~ Thomas Hogan

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American History Reveals the Alternative to the Police State

American History Reveals the Alternative to the Police State

– June 10, 2020

“There is ample evidence that decriminalization of Americans’ personal lives, the proliferation of gun ownership, and the encouragement of competitive markets for property insurance and private protection services can greatly improve upon our current monopolistic, union-controlled, taxpayer-funded machines of state repression.” ~ Robert E. Wright

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Should We Be Worried about Big Tech?

Should We Be Worried about Big Tech?

– June 8, 2020

“AIER itself has faced throttling by Google, YouTube, and perhaps Twitter, and videos we’ve needed for science-based postings have been deleted. We steadily worked to build our own outlets, preparing for the possibility of full censorship.” ~ Donovan Choy

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Federal Reserve of New York 1922

It’s Time to End the Fed’s Dual Mandate

– June 7, 2020

“The choice before us is simple: a central bank that is highly restricted, and therefore effective and independent, or one that is dominated by short-run political concerns, and therefore incompetent and subservient.” ~ Alexander Salter

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Will Social Security Go Bankrupt?

Will Social Security Go Bankrupt?

– June 6, 2020

“Where are we now? Is Social Security going bankrupt? Not literally, since bankruptcy law does not apply to government agencies or programs. But it is unquestionably true that Social Security is headed for a fiscal calamity.” ~ Warren Gibson

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The Recovery Has Begun

The Recovery Has Begun, Ahead of Schedule

– June 5, 2020

“Taken together, the most recent jobs report suggests we could see output recover to 90% or more by the end of August. That’s great news. But a complete recovery might take much longer than that.” ~ William J. Luther

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LockDowns Shattered the Structure of Production

How LockDowns Shattered the Structure of Production

– June 3, 2020

“Fully lifting government restrictions and restraints will see people, once again, willingly demanding all the goods they want when they are at liberty to freely work and earn, to supply and demand, once more.” ~ Richard M. Ebeling

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