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Election Fallout: Is Inflation Radicalizing Our Politics?1:13 On this episode of Power & Market, Ryan, Connor, and Tho take a look at this week's off-year elections. Were any of the outcomes a real surprise? Does Mamdami reflect the future of the left? Will affordability bring down MAGA? The roundtable discuss these questions and more. Private Jobs Report: US Lost 9K Jobs in October18:51 In the absence of the “official” BLS data, we turn to private jobs reports like the ADP report. This week, Revelio Labs released its monthly report on job Elysium Misdiagnosed: How the Rich, Not Dystopia, Drive Health Innovation18:50 The dystopian futuristic movie “Elysium” portrays a terrible future in which on the rich have medical care while the poor suffer on an overpopulated, polluted planet. The film’s theme—that only huge wealth transfers can bring medical care to low-income people—is fundamentally flawed. Closing Argentina’s Central Bank: Rejoinder17:47 This note serves as a rejoinder to Philipp Bagus’ recent response to my comment. I will not comment on all the issues raised in his response, but focus on the The Election of Mamdani: What It Means – And What It Doesn’t Mean12:24 While giddy socialists are proclaiming that Zohran Mamdani's electoral victory is the beginning of a socialist takeover of the U.S., the Democratic Socialists of America have a long way before they can complete their stated mission. Trying to Outrun Inflation With Speculation6.listopadu Back in the .com bubble days, Alan Greenspan worried about “irrational exuberance,” but chose to let markets adjust on their own, without hiking interest rates Sam Altman's Open AI wants more taxpayer money6.listopadu Pseudo entrepreneur Sam Altman now wants "a federal guarantee to make it easier to finance massive investments in AI chips for data centers." Delinquencies Mount as the American Consumer Runs Out of Money6.listopadu The Federal Reserve Bank of New York this week released its Quarterly Report on Household Debt and Credit for the third quarter of this year. Why Food Stamp Recipients (and Government Contractors) Should not Be Allowed to Vote5.listopadu If the voting taxpayers (those who actually pay the bills) are outnumbered or outcompeted by the tax receivers, then national bankruptcy is the most likely outcome. The Efficient Market Hypothesis Is Fatally Flawed5.listopadu Much of mainstream economics holds to the Efficient Market Hypothesis (EMH), which is built on highly unrealistic foundations. The Austrian causal-realist approach has more explanatory power. Trump’s Tariff Power Grab5.listopadu The justices that Trump appointed to the Supreme Court have shown a recent intolerance for the kinds of semantic leaps his administration is relying on to justify its tariffs. Will they remain consistent or fall in line behind the president? Land of the Free? Government Mismanagement of America’s Open Spaces4.listopadu Dr. Timothy Terrell explains how the federal government’s vast land holdings breed crowding, decay, and wildfire risk—and why returning land to private owners, guided by prices and responsibility, yields healthier parks and forests. How to Counter Arguments That Taxation Is Legitimate4.listopadu Dr. David Gordon explains why the leading philosophical defenses of taxation collapse, and why natural rights still say taxation is theft. Another Regime-Change War Will Accelerate America’s Slide into Authoritarianism4.listopadu The New York Times has just published an excellent editorial on the dangerous direction in which America is headed under President Trump. It is entitled “Are We Can’t Afford a Vacation? Blame the Fed.4.listopadu According to data collected by the research firm Statista, 29 percent of Americans cannot afford to take a vacation this year. A vacation is not the only thing |