By: Andrew Moran Because of its cronyist relationship with Wall Street, we usually think about the Federal Reserve being an institution of, by, and for politicians and the bankers. But when you study the inherent nature of the central banking system, Fed Chair Jerome Powell and his counterparts might as well sport beards and run into a […]
Austrian Economics
Socialism will forever keep Africa in poverty
By: Andrew Moran Why is Africa still mostly poor? Progressives will shriek that the ghost of colonialism and the spirit of capitalism has turned the continent into an unsalvageable wasteland mired in corruption and poverty. In recent years, many countries have introduced fragments of the free-enterprise system, which has given a lot of people a taste of […]
Hey, Portland progressives, Big Government is what you asked for
By: Jeff Deist Dear Portlandia progressives: a federal government big enough to take care of you is a federal government big enough to “take care of you.” Scary unidentifiable police, federal black sites, and procedureless snatching of individuals from the streets are the wholly predictable and natural consequences of the very policies you advocated for decades. […]
Africa’s perpetual poverty problem from socialism, protectionism
By: Germinal G. Van During the postcolonial period, most of the African countries which had opted for socialism as their economic system also adopted protectionism as an economic measure to favor certain politically preferred industries. Policymakers wanted to protect domestic industries from foreign competition through tariffs, subsidies, import quotas, or other restrictions or handicaps on the imports of foreign competitors. […]
SOCIALIST PARADISE: Cuba risks another Special Period as country faces food shortage
By: Andrew Moran Socialism is iconic for its monumental suffering and death – it is like watching an episode of The View but without the labor camps and price controls. The deadly ideology has also created one of the most famous recipes in the culinary arts. It was such a popular diet that tens of millions of […]