“Nothing is so permanent”, noted Milton Friedman, “as a temporary government programme”. Friedman died in 2006, a couple of years before Fannie Mae and Freddie Mac, two enormous government-sponsored enterprises (GSEs) that provide liquidity to the American mortgage market, were bailed out during the global financial crisis. The firms were taken into “conservatorship”, a form of temporary government control. It has now been in place for almost 17 years.
The single most dangerous lie in modern economics is the Random Walk Theory. It’s taught in every major university to...
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...
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Yves here. Readers may know that some of the history of US black sites, as in torture sites, overseas has...
Thomas Sowell is one of the most influential and insightful voices in American academia. At 95, he wrote a new...
January 23, 2026 The Trump administration’s decision to withdraw the United States from the World Health Organization represents far more...
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