Connecticut’s Housing Shortage Is Rooted in Government Policies
2024-04-03
Tu ne cede malis, sed contra audentior ito
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America’s Fiscal Collapse Accelerates
2024-04-02
In case you thought anybody in Washington was driving this thing, they are not. It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had stood for 231 years.In raw numbers, the latest numbers for Q4 2023 show Treasury issued $7 trillion in new debt. For the entire year, it came to $23 trillion.This has bloated the Treasury market to $27 trillion — up 60% since the pandemic. In other words, one-third of Treasuries have fresh ink on them. And it’s up roughly sixfold since the 2008 crisis.Meaning if we hit another crash, it could be a lot bigger.Sending US Economy to DefaultsAt this point, federal debt is rising by $1 trillion every 90 days, and US government spending as a percent of GDP
The Promise of Human Action
2024-01-23
[This speech was delivered at the Mises Institute on the 50th anniversary of the publication of Human Action in 1999. This year, May 16-18, join Dr. Joseph T. Salerno, Dr. Thomas J. DiLorenzo, Dr. Jörg Guido Hülsmann, Dr. Mark Thornton, and more for a conference in honor of the 75th anniversary of Human Action at our campus in Auburn. Space is limited. Register here.]
In a 1949 memo circulated within Yale University Press, the publicity department expressed astonishment at the rapid sales of Ludwig von Mises’s Human Action. How could such a dense tome, expensive by the standards of the day, written by an economist without a prestigious teaching position or any notable reputation at all in the United States, published against the advice of many on Yale’s academic advisory board, sell so