The Federal Reserve System released its May 2025 Beige Book yesterday, and the Fed has stopped painting a cheerful picture of the US economy.
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If we really want America to be “great” it must first be free.
Accreditation in higher education began as a private effort to identify academic quality. Then the federal government took over the process and demanded that accreditation be based upon political standards.
Jonathan Newman joins Ryan McMaken to talk about the history behind the myth of “Fed independence.” The Fed has never been politically independent of the US government, and it has enthusiastically helped fund the US government both in wartime and in peacetime.
Nominalist ideas influenced the scientific revolution, shaping its departure from metaphysics, its mechanistic perspective, and the mathematization of all sciences. This paradigm has brought about some errors in economic thinking.
As President Trump racks up defeat after defeat before the federal courts, the legacy media claims that federal judges are protecting us from government overreach. In reality, government overreach as we know it has been made possible by the federal judiciary.
How much money does an economy need in circulation to function? Austrians believe that a growing economy does not need a growing supply of money, which sets Austrian Economics apart from other schools of economic thought.