At Reason (“The Government Wants To Cap Credit Card Late Fees. It Will Hurt the Poor“), Veronique de Rugy shows levels of compassion for the poor suffering banks that hasn’t been seen since John Stossel condemned the immorality of walking away from underwater mortgages. De Rugy starts off on a note seemingly calculated to alienate…

Did you take out a student loan from the government or a chartered bank backed by a government guarantee to cover the loan if you default? Do you, as a libertarian/market anarchist, feel morally obligated to repay the loan? If so, don’t. Why? Let me back up a bit here. Your deliberations about whether to…

For a few years now, Modern Money Theory, or MMT, has been the hottest buzzword in economics. The insights of MMT regarding our nation’s spending debate have been simultaneously misunderstood, disregarded, and celebrated. In this essay I will explain the central argument of MMT. I will explore why its conclusions are dangerous in the wrong…

Very soon, the citizens of Los Angeles, California will vote on Charter Amendment B. This amendment, if passed, will allow for the creation of a public bank for the city. Although I am not a resident of LA or even California, I’d like to give my tentative support for this amendment and outline why I…

‘Women still suffer gender pension gap’ is the title of the article published by the Financial Times (whose subtitle is that “In developed and developing countries, the risk of old age poverty falls disproportionately on females”). This is an unsurprising finding when we consider that the gender pay gap largely persists more broadly and so…

Un articolo pubblicato il 29 ottobre sul Washington Post prende in esame il piano “rivoluzionario” di Bernie Sander su come cambiare in un solo colpo il sistema bancario e quello postale. L’autore cita il fatto che “dal 1911 al 1967, le poste assunsero anche funzioni bancarie”, permettendo così ai clienti di depositare denaro in un…

An article published on October 29th by the Washington Post discusses Bernie Sanders’s “revolutionary” plan to change the banking system and Postal Service in one fell swoop. The author mentions that “from 1911 until 1967, the Postal Service also served as a bank,” where customers could deposit money into a savings account. Sanders, recognizing that low income…

Harvard law professor and political activist Lawrence Lessig is mounting an intriguing run for President. Lessig’s symbolic campaign will be entirely funded by crowdsourced donations since he has a one-issue platform: campaign finance reform. If elected president, Lessig would attempt to pass a single law through Congress which would scrap existing private campaign financing in…

Over the past few weeks, the American business lobby and in particular the U.S. Chamber of Commerce have come out in force to support the reauthorization of the Export-Import Bank of the United States. These groups and their puppets in Washington insist that the Ex-Im Bank is good for American small businesses and supports job…

M. George van der Meer: Monopoly and inordinate accumulation naturally attend one another.