The federal government taking an ownership stake in Intel is neither a promising new approach to governance nor an unprecedented leap into economic fascism. It’s simply Trump embracing the corrupt status quo he ran against with a superficial rebrand.
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World News
Fed Chairman Jerome Powell’s claims to want to protect the “independence” of the Federal Reserve ring hollow. Following sound monetary policies is more important than the theoretical “independence” of the central bank.
In case you haven‘t noticed, housing prices are not rising like they did a short time ago, thanks to higher interest rates. Bringing down those rates, however, will increase inflation and make housing less affordable.
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Modern historians no longer seek historical truth but rather analyze history through series of politically-based narratives. But what happens when those narratives are effectively challenged? Mainstream historians then simply ignore the results and simply repeat what they have been saying.
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“Because these meetings are held in the glare of world-wide media coverage, the parties to a dispute will be reluctant to make concessions.”
The US Cuban embargo continues, to the detriment of both countries. Not surprisingly, Murray Rothbard had strong opinions on the embargo, as he believed that US policies not only were self-defeating, but were outright harmful.
Patrick Newman reviews The Gold Standard: Retrospect and Prospect.
David Gordon reviews Binyamin Appelbaum’s The Economists’ Hour. As a criticism of the free market, the book is a manifest failure.