AIER

Leveling Down to Utopia

Decades ago, F. A. Hayek warned that socialism was the Road to Serfdom. He explained not only why central planning…

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The Bad and the Very Bad

“The entire book that you are going to read,” wrote Alexis de Tocqueville in the introduction to Democracy in America (1835), “was…

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Can Antitrust Action Against Tech Giants Make the World Better Off?

Redistributive policies (e.g., granting of subsidies) of our representative democracy have contributed to political tribalism. For its part, social media…

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Why is Monetary Policy Focusing on the Overnight Lending Market?

Monetary policy attempts to influence inflation expectations. With its recent accumulation of reverse repurchase agreements, the Federal Reserve hopes to…

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Why “Good” People Enable Totalitarians

In the searing Soviet-era novel Life and Fate, Vasily Grossman reveals the mindset that supports totalitarianism, sparing neither fascism nor…

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