Edwin S. Corwin in The President: Office and Powers, 1878-1957 has argued that the Constitution is a tussle for control between the executive and legislature. It is, he claims, “an invitation to struggle for the privilege of directing American foreign policy.”
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Category Archive: 6b.) Mises.org
Federal Judge Sets Free Op-Ed Writer
Federal prosecutors were not able to produce any evidence at all other than an op-ed Ozturk wrote.
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Gov. Newsom Appeals to the Sunk Cost Fallacy to Promote the Failed Bullet Train
In the world of private enterprise, business owners pay attention to costs already incurred that cannot be recovered, also known as “sunk costs.” Government officials, however, see sunk costs as an incentive to promote public projects where costs clearly outweigh benefits.
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The Fed Leaves Fed Funds Rate at 4.5% as Economic Storm Clouds Gather
The Fed is now hemmed in by a rising risk of stagflation. It doesn‘t know where the economy is headed, or is unwilling to take a position. At this point, “hope for the best” is Fed policy.
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Will Trump Follow Nixon’s IRS Road to Ruin?
Like presidents before him, Donald Trump is using the IRS as a weapon against organizations he doesn‘t like. Richard Nixon did the same thing—and it helped bring down his presidency.
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Woke-Baiting and the New Left-Wing Smear Bund
Lately, James Lindsay has burned much of his credibility in attacking largely non-interventionist right-wingers as "Woke Right."
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Leo XIV elected Pope (fmr. Cardinal Robert Prevost)
Considered centrist (by modern standards), not outspoken on political issues. Born American, but has been a Peruvian bishop for the past 11 years and is deeply connected to Latin America.
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Does Wealth Inequality Cause Degradation?
In the name of fighting income inequality, pundits in the UK and US are calling for wealth taxes as magic bullets that will restore an imaginary state of income equality that never existed in the first place. It is time to abandon this idea for good.
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Restaurant Brands earnings miss as consumers spend less on fast food
The bottom 80% of America is in recession and is starting to cut back on extra spending such as fast food.
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Autos Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs
To be sure there are probably two factors at work here. One is tariffs and the other is the fact that auto loan delinquencies are rising and people need cheaper cars.
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California’s Bullet-Train Delusion
California economist and resident/victim William Anderson joins us to talk about the absurdity of California's bullet train plan, and how it ignores economic realities.
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Some Straight Talk to the Anti-Free Traders
Oh, I know, you aren’t really against free trade per se. You just demand a “level playing field.” Demanding a level playing field for international trade is a complete waste of time.
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MMT Is Wrong about the History of the Origins of Money
Not only are Modern Monetary Theory (MMT) cultists dishonest about the role of money, they also are dishonest about money‘s history. By taking issue with Carl Menger‘s historical version, they expose their own ignorance of how money came about.
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Real ID Is Not About Keeping You Safe
Real ID is the latest example of the government using 9/11 as an excuse to grab more power.
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Fed keeps Fed Funds rate unchanged.
"the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent." Click here for post-FOMC press conference.
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Inflation: Looking Beyond Aggregates
Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better, as they realize that the effects of inflating the money supply are anything but neutral.
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Trump’s “Liberation Day” Tariffs are a Mistake
Today, April 2, 2025, is what Donald Trump and his team are calling “Liberation Day.” Because later, the president will host an event in the Rose Garden to sign reciprocal tariffs that, in the words of his press secretary, “will roll back the unfair trade practices that have been ripping off our country for decades.”The prospect of sweeping new taxes on the goods, capital, and resources Americans buy from producers in several other countries has...
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The Contested Meaning of the Constitution
To those familiar with constitutional history, it may seem trite to observe that the meaning of the Constitution is contested. Yet many contemporary political commentators treat the Constitution as a document whose meaning is plain and obvious. An op-ed in the New York Times, criticizing President Donald Trump’s attempt to end birthright citizenship, informs us that “Trump doesn’t get to decide what the Constitution means.” The writer argues that...
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If Only FTX Could Use the Fed’s Accounting
The Federal Reserve continues to lose money—$77.6 billion last year according to the Wall Street Journal. The previous year the nation’s central bank lost $114.3 billion. And, there is no end in sight. The Fed is paying 4.4 percent on $3.4 trillion in reserves while earning only 2.6 percent on its securities portfolio. This is a side effect of ZIRP. Two years ago, Thomas L. Hogan wrote in The Hill, “The Fed is bankrupt.” As of January 6, the Fed’s...
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Who Owns the Gold?
“Economics, in its most elegant form, is the study of cause and effect.”—John Rogers, Voting in Context: A Brief Economic History of American PoliticsIn 1933, people thought the world was ending and urged government to do whatever it could to relieve the pain of the Depression. In compliance thereof, FDR issued Executive Order 6102 on April 5, 1933 “forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental...
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On Swiss National Bank
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SNB Sight Deposits: increased by 5.2 billion francs compared to the previous week
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SNB’s Chairman Schlegel: A few months of negative inflation wouldn’t be a problem
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2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
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SNB Brings Back Zero Percent Interest Rates
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Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
Main SNB Background Info
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