Yes, the US Government Has Defaulted Before
While the 1979 default was relatively small, the 1934 default affected millions of Americans who had
Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions
Advocates of Keynesian economics believe the Federal Reserve should pursue policies that will prevent the possible
Lifting the Debt Ceiling Is Not a Social Policy
Every time the United States reaches its debt limit, we read that it is important to reach
Does Government Create a “Level Playing Field” or Does It Make the Field More Uneven?
Anticapitalist politicians claim intervention can "level the playing field," but when we look closely, we realize
Bipartisan Comprehensive Excuses for Extortion and Evasion
After the recent midterm election, when it became apparent that Americans would have a divided new
How Markets Are Better than Government Regulators at Fighting Corporate Corruption
Can private markets only be regulated by government? Hindenburg Research's successes against corporate corruption suggest otherwise. Original Article: "How
Poor People in Developing Countries Find Alternatives to Commercial Banking
Banking is a complicated process for working-class people who fail to comply with anti–money laundering regulations. Know your
Subsidizing Higher Education Is Not Creating Widespread External Benefits
Contrary to the claim that taxpayer subsidies for higher education provide great social benefits, these subsidies
The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments
Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything
Why Madison and Hamilton Were Wrong about Republics
The debate between the Federalists and the Anti-Federalists in the late eighteenth century was fundamentally a debate