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Mortgage rates are at historically normal levels. They are not “too high.” On the other hand, home prices are too high after years of subsidy from artificially low rates and government intervention. The answer to the stagnating market is to cut prices. Be sure to follow the Loot and Lobby podcast …
Against historians who treated the war as the death of progressive reform, Rothbard argues it was the culmination progressives had wanted all along. He traces the movement’s postmillennial pietist roots—a Protestantism bent on stamping out sin through the State—into wartime prohibition and the anti…
A conservatism that does not recognize the efficacy of natural law is no conservatism at all. Original article: https://mises.org/mises-wire/natural-law-principles-conservative-tradition
Rothbard’s account of the war economy as a cartel run by the men it regulated. He traces the Council of National Defense and the War Industries Board, whose committees were staffed by the executives of the industries they governed; price-fixing set to guarantee a “fair profit” to high-cost producer…

Whistling Past the Graveyard

Despite the real damage the Trump administration is doing to the economy, its cheerleaders in the Cabinet continue to insist all is well. This is beyond wishful thinking. Original article: https://mises.org/mises-wire/whistling-past-graveyard
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