Antitrust populists claimed blocking the Spirit–JetBlue merger would protect competition and consumers. But their effort entirely misdiagnosed the problem with the airline industry, leading to an intervention that strengthened the very oligopoly they set out to fight.
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Category Archive: 6b) Austrian Economics
The MBS Slope n’ Swap
If executed perfectly, this swap allows the Fed to neutralize a shrinking money supply by swapping $2 trillion in mortgages for $2 trillion in government debt.
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Is Libertarianism Incoherent?
Philosopher Matt Zwolinski has declared libertarianism to lack any coherent standards. Zwolinski’s confusion is the result of his rejection of libertarianism as outlined by Murray Rothbard and others based upon free markets based on individual rights.
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When the Federal Government Subsidized Robberies
The government created a market for stolen goods, paid criminals cash for five months, watched robberies spike, arrested everyone at a mafia-themed party.
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Fukuyama Was Wrong; History Did Not End
Francis Fukuyama wrote The End of History more than 30 years ago, believing that the fall of the communist bloc would lead to a more peaceful world. We are still waiting for that moment of peace.
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The Justice Department Indicts the Ministry of Love
The recent DOJ indictment of the Southern Poverty Law Center might be controversial, but what is not controversial is that the SPLC engaged in conduct that was more reminiscent of the Ministry of Love in 1984 than protecting someone’s civil rights.
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Raising Taxes on the Wealthy Sounds Simple—Until They Leave
States like California are learning this in real time, as high-income earners relocate in response to rising tax pressure and growing fiscal uncertainty.
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Is Libertarianism Incoherent?
Philosopher Matt Zwolinski has declared libertarianism to lack any coherent standards. Zwolinski’s confusion is the result of his rejection of libertarianism as outlined by Murray Rothbard and others based upon free markets based on individual rights.
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Get Your Free Copy of Anatomy of the State!
To celebrate The Year of Rothbard, we're giving away some of his most radicalizing and influential books. Get your copy of our first offering, Anatomy of the State.
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The Precious Paper Problem: The Divergence in Western Bullion Markets
Gold markets have been volatile, to put it mildly, and the drama isn’t over. Unfortunately, governments are so involved in the gold markets that true market prices are hard to find.
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The Precious Paper Problem: The Divergence in Western Bullion Markets
Gold markets have been volatile, to put it mildly, and the drama isn’t over. Unfortunately, governments are so involved in the gold markets that true market prices are hard to find.
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When America Chose Empire
In the late 1800s, American finally went in search of empire abroad, taking land by force and subjugating people who simply wanted their captors to leave.
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The NFL Draft and Public Buses
When the recent NFL draft was held in Pittsburgh, city officials declared bus fares would be free so fans would pack the auditorium where the draft was held. Who would have thought that making scarce goods free would bring about chaos with the bus riders?
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The Battle of Ideas Paves the Way for Radicals and Revolutionaries
It's not enough for an ideology to merely have a "good argument." Historical conditions must also combine to delegitimize the regime and its institutions.
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Beef prices are near record levels
Trump's war and easy-money policies have pushed up beef prices to near record levels. So, naturally, the DOJ is trying to blame "antitrust violations."
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Remembering the Costs of War
As the US is involved in yet another pointless war, we would do well to remember the real costs of war, how it strips us of our liberties, and destroys our futures.
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On Swiss National Bank
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SNB Sight Deposits: increased by 3.8 billion francs compared to the previous week
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Household wealth in 2025
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Heads up for NZD and CHF traders, RBNZ Gov Breman and SNB Chair Schlegel to speak
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Swiss franc appreciation has led to tighter monetary conditions – SNB minutes
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SNB’s Chairman Schlegel: A few months of negative inflation wouldn’t be a problem
Main SNB Background Info
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