Power & Market

Why do independent central banks exist in the modern economy? It was originally thought independent central banks would prevent government extravagance from creating inflation.

Looking forward from 2025, one can see Austrian economic publications, researchers, students, teachers, and writers in many countries flourishing.

Relying on live-ink letters discovered in an Altoona, Pennsylvania, warehouse in 2022, this article provides a fresh look at an old controversy: Murray Rothbard’s bitter parting from the inner orbit of Ayn Rand.

A new CPI inflation report will be released tomorrow. But we won’t have to wait for that to witness the growing chorus of pundits and politicians who are already declaring that price inflation doesn't matter anymore.

What indicates that bin Laden was telling the truth about his motives and strategies in facilitating suicide terrorism? What about his Muslim constituency?

President Trump has recently endorsed a policy that is arguably as socialist as anything proposed by New York mayoral candidate Zohran Mamdani or Sen. Bernie Sanders — partial government ownership of private corporations.

First, release a very positive jobs numbers; then, release a revised, lower number when the general public is no longer paying attention.

A foundational principle in financial accounting, corporate finance, and corporate law is that—despite jurisdictional divergences—there exists a conceptual distinction between natural persons (human beings) and juridical persons.

Las Vegas tourism has often been taken as a barometer of America’s economic mood, and the latest data isn’t encouraging.

Nixon’s 1971 decision didn’t just close a gold window—it opened the door to a fiat future of perpetual inflation, asset bubbles, moral hazard, and chronic economic dysfunction.