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Bond Market Sell Off: Welcome to the “Titanic Effect”18:36 Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets, as they expect more interference and more unpredictability. The Musk Trillionaire Panic Is a Distraction12:49 Elon Musk becoming the world’s first trillionaire has triggered a familiar round of progressive outrage. But the imprecise focus on wealth distribution obscures the real issue: how much of modern wealth is acquired through politics rather than production. Real Wages Fell for the Second Month as Price Inflation Surged3:51 Sure, the earnings average was up year over year, but prices increased more than earnings did. In fact, price inflation hit a 38-month high in May. Congress’s Failure is Liberty’s Gain23:23 Congress accidentally protected the American people’s liberty this week when it failed to extend Section 702 of the Foreign Intelligence Surveillance Act The Media Says This Was a "Blowout" Jobs Report. A Closer Look Suggests Otherwise22:15 For many ordinary workers—many of which are stuck with part-time work and falling real wages—it's hard to see how this is a "blowout" jobs report. My 40 Year War on Psychiatry21:06 Hooking people on bogus labels and antidepressants has already ruined too many American lives. Passing out millions more psychiatric Purple Hearts will not make this nation happier or more sane. Against the State21:06 Murray Rothbard called his political philosophy anarcho-capitalism to differentiate it from the far more common “communist anarchism.” Or, rather, it was more Rockwell's 'Against the State' Now Available for Free Online21:06 Recently, I noticed that Lew’s 2014 book Against the State was not available among our many free books at mises.org. The book has always been available as a Are All Billionaires Thieves or Can One Legitimately Earn Wealth?16.června According to AOC and Bernie Sanders, it is impossible for someone to obtain a billion dollars of income by any means beyond theft. How much of a mega-income is due to entrepreneurial profit and how much is a wealth transfer? Bank of Japan raises rates to 31-year high, flags more to come16.června BOJ says it may "tighten further as it focuses on taming price pressures from the Iran-war-induced energy shock". Why Justice Mattered to Rothbard16.června Economists like Harold Demsetz and Ronald Coase based their property rights views on utilitarianism. Murray Rothbard based his on justice. The Ignoramus-in-Chief Declares: “I Love the Inflation”15.června That wasn’t a misquote; Trump actually said I love the inflation—do take a moment to let that sink in. Raising Interest Rates Does Not Counter Inflation15.června When inflation surges, the first thing on the government's agenda is for the Federal Reserve to try to force up interest rates. However, as Frank Shostak writes, that might not be the best strategy. Nothing should be nationalized15.června Democrats and Republicans have been arguing over the issue of election integrity ever since Donald Trump lost to Joe Biden in the presidential election of 2020. |