In recent years, America’s student-loan policy has come to resemble an alphabet soup. During the covid-19 pandemic, relief came from the CARES, ARPA and HEROES acts. Repayment plans ranged from the appropriately named (SAVE and PAYE) to the less so (PSLF and TEPSLF). Even seasoned bureaucrats at the FSA will have struggled to keep track. Owing to these various policies, some $189bn in student debt was forgiven, and more than $260bn of payments waived.
Public debate usually treats Mises’s Economic Calculation in the Socialist Commonwealth as a Cold War claim that “government is inefficient.”...
The U.S. labor market bounced back in March, with job creation much stronger than expected though the broader picture of...
In preparation for the 2026 Austrian Economics Research Conference, where I was presenting a forthcoming paper entitled “The United States:...
This month marks the 250th anniversary of Adam Smith’s magnum opus, The Wealth of Nations. The Liberty Fund print edition...
China has just taken another decisive step toward the future of money, and once again, the West is pretending this...
The latest polling data coming out on the Democratic Party is not just bad. It is historically weak, and what...
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