The Psychology of Bond Investors

Those who take issue with the outlook of Austrian economists in general, and Euro Pacific Capital in particular, have pointed to the persistence of low bond yields as proof that our philosophy does not hold water. We argue that as the United States takes on ever more...

The Establishment Clause

In 1802, Thomas Jefferson sent a letter to the Danbury Baptist Association in response to a query from that body. In the following Library of Congress transcript, Jefferson’s spelling and punctuation have been retained as well as the bracketed material which...

In Obama's Era of Malaise, It CAN Happen Here

There are a few decent politicians in Washington D.C. — a few, but not many. The standard of decency refers to politicians who care about the Constitution and individual rights, rather than a career in personal power. One of these is Senator Jim DeMint of South...

The Cause and Evidence of Inflation

In a heated debate on the February 1st episode of CNBC’s “The Kudlow Report”, financial commentator Donald Luskin offered his “textbook” definition of inflation as “an overall rise in the general price level.” I...

Independence Day: Independence From What?

Reasonable people want and seek freedom from tyranny, coercion and slavery. They also seek freedom from the petty tyranny of a nanny state government. Unhealthy, unreasonable people say they seek freedom, as well. But they seek freedom from something different. They...

Pin It on Pinterest