Apartment Bridge Loans Are Collapsing
2024-03-06
Stoked by ultra-loose monetary policy from the Federal Reserve, capital markets have been in a persistent bubble for several years. Printing trillions of new dollars and maintaining a zero-interest rate policy (“ZIRP”) was marketed by politicians and bureaucrats as supportive of the “main street economy,” but those trillions were directed primarily towards speculation in capital markets.
No, “Science” Has Not Proven Mises Wrong on Socialism
2024-03-03
Tu ne cede malis, sed contra audentior ito
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The First Enemies of Free Markets Were Conservatives, Not Socialists
2023-12-07
As with the Republican party and the conservative movement in the United States, conservatism in the United Kingdom does not constitute a coherent ideological movement. It is, rather, a coalition of ideological groups and interest groups. Some of these are fairly libertarian in nature, as with the Thatcherites. On the other hand, conservative parties and activist groups also contain traditionalist conservatives and nationalists, neither of which are primarily or necessarily free-market or laissez-faire in orientation. The general free-market orientation of conservatives tend to come from the fact that they are anti-Left and anti-socialist. In the UK, as elsewhere, to be anti-Left means in many cases to be de facto pro-market (to varying extents).
A similar phenomenon has prevailed in the
Understanding Our Disharmony
2023-12-05
One of the political trends of the past few years has been an expanding disconnect between political unity rhetoric and the increasing disharmony politicians’ proposals create.
The root of this beltway cognitive dissonance is the rapid increase in government power. Unity rhetoric helps mobilize candidates’ political bases and can sway some independents, helping win elections. However, their postelection expansion of government power into areas where people have dramatically or even diametrically opposed beliefs about Washington’s legitimate role, combined with the fact that government can give nothing it does not first take, guarantees growing disharmony. Once such choices are appropriated into government hands, there is only the question of whose preferences will be imposed on others.
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