Before leaving office, President Joe Biden posthumously pardoned black nationalist Marcus Garvey, who was convicted of mail fraud in 1923. Like other dissenters that came afterward, Garvey was hounded by the FBI. He remains a complex character even in death.
Dr. Fegley is a Fellow of the Mises Institute and chair of business and economics at Montreat College. In 2023, he joined the Mises University faculty, teaching on bureaucracy in the deep state, political economy of policing, and could AI and big data solve the
Marx failed to grasp that there are laws of human action that apply universally. His understanding of economics was far inferior to that of Nassau Senior, whom he derided as the quintessential “bourgeois” economist.
How can we determine if a private company is a true partner of the state—truly benefiting from state power—or if the private company is really a victim of the state?
The success of the American Revolution struck a heavy blow against the mercantilist system. But unfortunately, the wound was not mortal.
Through the creation of a dizzying array of regulatory agencies and appointments of favorable personnel, big business successfully established a network of government-mandated cartels and monopolies that protected its interests.
We are aware how the Federal Reserve's actions help to finance the reckless profligacy of the US Government. However, most people don‘t know that the Fed itself, through its own reckless spending policies, is running deficits.
