Power & Market

Attention Austrian school economists and enthusiasts: Philipp Bagus and I are pleased to announce the release of our new two-volume book in honor of Jesús Huerta de Soto!

Sounding almost Rothbardian, Summers said “These are things like forest fires, it is much easier to prevent them than it is to contain them after they start to spread.”

There are about 23,000 people too many, working in the Federal Reserve System.

One of the problems we’re forced to confront when considering the role of the Federal Reserve is whether it’s better for the Fed to take losses and

The idea that global reserve currency status for the dollar is good for "America" is based on the mistaken notion that the interests of the US regime and the interests of ordinary Americans are one and the same.

The U.S. has gone fifty years without a draft. But the war in Ukraine shows us that conscription is still a threat to liberty. 

The notes to the Fed’s Financial Statements read like a disclaimer at the end of an Rx drug commercial.

Yesterday we reviewed the Fed’s Statement of Operations finding many peculiarities such as: a $16 billion capitalized loss, $2 billion spent by the

In 2021 there were over 23,000 people employed by the Federal Reserve System. Last year nearly $4 billion went to salaries and benefits and another $1 billion into the pension plan.

With the stroke of Gov.