Few books about the history of the Federal Reserve contain the number of insights found in Robert Hetzel’s The Federal Reserve: A New History. Hetzel does not merely recount historical…
Economy
Category:
Economy
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The “trolley problem” was first stated in its modern form by Philippa Foot in 1967. I can’t possibly add anything useful to the mountain of analysis already published on the…
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If I were to sum up the rousing message of Étienne de La Boétie’s 16th Century monograph, The Politics of Obedience: The Discourse on Voluntary Servitude, I would say we…
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The new major of Chicago wants to fight crime by creating new opportunities for young people, and he has blamed recent upswings in violence in Chicago on the lack of…
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Nothing, however, can be more absurd than this whole doctrine of the balance of trade. – Adam Smith (An Inquiry Into the Nature and Causes of the Wealth of Nations,…
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Vivek Ramaswamy, a Republican candidate for President, has a strong position on central bank digital currencies (CBDC): “Hell no.” His proposals for reforming the Fed have major problems, but his…
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In June, a spokesperson for the Department of Defense announced that the value of equipment transferred to Ukraine, originally valued at $6 billion, was “corrected” to $3 billion. The prior…
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Heather Mac Donald’s new book, When Race Trumps Merit: How the Pursuit of Equity Sacrifices Excellence, Destroys Beauty, and Threatens Lives, is about a phenomena she believes began in earnest…
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Monopoly is bad; we all know that. Except “knowing” something in economics often just proves again the wisdom of the old Josh Billings quip: Our most dangerous beliefs are things…
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Where did Bitcoin come from? Since the mysterious conception of Bitcoin following the 2008 financial crisis, people have been trying to figure out who created it, and why. Joining Kate…