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Tho Bishop

Tho Bishop is a senior contributor to The Liberty Conservative and the Media Coordinator at the Mises Institute.

Fed Nominee Marvin Goodfriend Lied to the Senate on Taxing Cash

January 24, 2018
Economics/News

The government shutdown wasn’t long enough to delay the nomination hearing for an economist who could be considered to be one of the “worst Fed nominees of all time.” While most of the headlines generated from Marvin Goodfriend’s testimony before the Senate today focused on the grilling he received from Senate Dems, there is one curious part of

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NRA-Republican Backed Bill Makes it Easier for Feds to Disarm Citizens

December 9, 2017
Politics

On Wednesday, the Republican controlled house voted to further federalize gun laws in this country. While Ryan McMaken has noted the danger in further centralizing gun legislation, there is another deeply troubling aspect to this bill: it expands the ability of the Federal government to restrict Americans’ right to bear arms. During the legislative process, the NRA supported

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Is Marvin Goodfriend the Worst Fed Nominee of All Time?

December 1, 2017
Economics

Yesterday Donald Trump nominated Marvin Goodfriend to the Federal Reserve Board of Governors, one of the numerous vacanciesthat have emerged over the course of the past year. While his prior nominations of Jay Powell as Chairman and Randal Quarles as Vice Chair represented a disappointing commitment to the status quo, his selection of Goodfriend is a

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The Swamp Wins: Trump Nominates Powell to Replace Yellen

November 3, 2017
Economics/News

In the end Donald Trump gets what he wanted, a “low interest rate person” who also happens to be a “Republican.” Jerome Powell will replace Janet Yellen. This means Trump will ensure that, while the stationary at the Eccles Building will change, the monetary policy guiding it likely will not. The fact that, in naming Powell, Trump is picking an

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Obama Administration’s Bank Regulation Still Widening Gap Between Rich and Poor

November 3, 2017
Economics

One of the most devastating consequences of the Obama Administration has been that Americans who don’t have the luxury of large bank accounts are continuing to be treated like second-class citizens by the US financial system. The Wall Street Journal this week offered another example this week in an article noting that banks are now paying higher interest

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The Next Generation of Currency Wars: Private vs. State-Backed Crypto

October 22, 2017
Economics

Recently, Russia announced that it will be unleashing a CryptoRuble, just a week after Vladimir Putin strongly criticized Bitcoin and other private cryptocurrencies.  When announcing the move, Minister of Communications Nikolay Nikiforov acknowledged that it was in part inspired by the aim of getting ahead of other governments: I confidently declare that we run CryptoRuble for one simple

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Gary Cohn is Concerned about Wall Street Clearinghouses – Blockchain is Already Fixing it

October 16, 2017
Economics/News

Gary Cohn, chief economic adviser to the President, voiced concern over the weekend about risk posed by Wall Street clearinghouses that became systemically important following the 2008 financial crisis.

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How Trump Bailed Out Janet Yellen and the Federal Reserve — For Now

October 12, 2017
Economics/News

The biggest winner of the Trump presidency is also the most surprising: Federal Reserve Chairman Janet Yellen. After all, Yellen was a constant target for criticism by Candidate Trump, going so far as to accuse her of being “more political than Hillary Clinton.” Beyond Mr. Trump’s barbed rhetoric, pundits such as Paul Krugman predicted that Trump’s

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Why Rand Paul is Wrong on Graham-Cassidy

September 26, 2017
Politics

The Donald Trump era has made Washington D.C. a little more entertaining, but has done little to change how the Beltway operates. Democrats still hate Republicans, Republicans still hate leadership, and Wall Street still controls the Treasury. So it goes. As such, when I had heard that a last second Obamacare reform bill had come

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Government Regulation and Crony Capitalism is Keeping Thousands in Florida without Power

September 21, 2017
Economics/News/Politics

Almost two weeks have passed since Hurricane Irma made landfall in South Florida, yet tens of thousands remain without power. With temperatures regularly eclipsing over 90 degrees, these outages are not only a grave inconvenience for Floridians cleaning up after the storm, but have proved to be deadly. Given the power of Irma, it is

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Trump’s Historic Opportunity with the Federal Reserve

September 7, 2017
Economics/News

Today Stanley Fischer submitted his letter of resignation from the Federal Reserve’s Board of Governors, effective next month, the second such resignation of Donald Trump’s presidency. While Fischer’s term as Vice Chairman of the Fed was set to end next year, he had the ability to serve as a governor through 2020. Along with Trump’s

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Seattle Seahawks Flee America for Medical Treatment

September 1, 2017
Culture/Economics

Baseball may still identify as America’s pastime, but every year consumers prove that football is the country’s true love. In fact, the intertwining of national identity and the NFL can often be troublesome, such as when the Pentagon pays the league to promote the military — or the large subsidies governments grant to help billionaires

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Ludwig von Mises Understood “Meme Magic”

June 26, 2017
Culture

One of the most consistent themes through the works of Ludwig von Mises is the role ideas play in shaping society. As he wrote in Theory and History: “Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in the realm of tangible and

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What Derek Carr’s Contract Teaches Us about Wall Street and Income Inequality

June 25, 2017
Culture/Economics

Derek Carr has just signed the most lucrative deal in NFL history, receiving a five-year extension worth $125 million with the soon-to-be Las Vegas Raiders. At $25 million per year, Carr edges out Indianapolis Colts quarterback Andrew Luck (though Luck’s contract did reward him with over twice as much in guaranteed money). Carr also becomes

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Could Donald Trump Save the Internet?

June 23, 2017
Tech

Ludwig von Mises dedicated a great amount of ink to the role that ideas play in shaping society. Not only does his analysis illustrate why it is so important to educate the public on topics such as economics, but also explains the enormous danger posed by widely accepted political myths. Examples include various false narratives

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Trump’s Goldman Guys Are Dangerous

April 7, 2017
Politics

As the Trump Administration continues to try to figure where it wants to go with healthcare, his team at the Treasury is readying tax reform. Unfortunately, much like the Secretary Steve Mnuchin’s film Suicide Squad, initial optimism is facing the bitter reality of horrible early reviews. After all, during the campaign there was much to

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Trump Preparing to Name Radical Libertarian to FDA?

January 14, 2017
Politics

There are indications that Donald Trump is prepared to radically shake-up one of the most deadly Federal agencies: the FDA. Ever since Bloomberg reported in December that Jim O’Neill, managing director at Mithril Capital Management and noted FDA-critic, was being considered for the position, there has been reason to hope that Trump was considering a libertarian

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What Would Ludwig von Mises Do in Venezuela?

December 3, 2016
Economics

The crisis in Venezuela is the most modern illustration of the horrific consequences of socialism and the devastating reality of hyperinflation. What makes this disaster all the more infuriating is that it could have been avoided with a basic understanding of history. We’ve seen the disaster of socialism and interventionism in various forms play out

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In Defense of Trump’s Deal with Carrier

December 2, 2016
Economics/Politics

Donald Trump hasn’t yet made the move from Trump Tower to America’s most expensive public housing, but he was able to come through with one campaign promise this week by announcing a deal with Indiana-based Carrier Air Conditioning that will keep almost 1,000 jobs in the state. As reported, the deal seems largely focused on

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White “Privilege” Has Nothing on State Privilege

December 2, 2016
Culture/Politics

Cultural Marxism enjoyed a victory last week when University of Missouri President Tim Wolfe resigned after members of the Missouri Tigers football team joined a student movement calling for his resignation. While I fully support the rights of these players to leverage their athletic ability to advocate a cause — as I would support their

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Are Term Limits A Solution?

November 30, 2016
Politics

In an American society increasingly polarized over politics, one uniting belief is that there is something very wrong with our government. While this is true, there is an unfortunate tendency — on both sides — to try to identify simple, easy to recite reforms to fix our woes. On the left, for example, the cries

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Is Steve Mnuchin Just Another Wall Street Banker?

November 30, 2016
Politics

After weeks of speculation, Donald Trump has announced Steve Mnuchin as his nominee for Treasury Secretary. Though Mnuchin can currently be seen in movie theaters playing a banker in Warren Beatty’s new film Rules Don’t Apply, he has a lower profile than most tapped to head the Treasury department. Probably to his credit, he has

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Why Are DC Libertarians Defending Hillary’s State Privilege?

October 11, 2016
Politics

Last night’s presidential debate was the latest episode in what appears to be a prolonged infomercial for Hans-Hermann Hoppe’s Democracy: The God that Failed. One of the rare libertarian highlights of the 2016 campaign, however, came when Donald Trump called for a special prosecutor in the case of Hillary Clinton’s unprecedented recklessness with her private e-mail

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Sad Sack Gary Johnson Fails Again

August 6, 2016
Politics

The Johnson-Weld ticket had its second CNN primetime special on Wednesday, with the duo once again missing a great opportunity to be taken seriously by most of the country. While it’s great to see cable news acknowledge viewpoints outside of the corrupt duopoly (monopoly?) of the status quo, the attention given to the Libertarian Party

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The 5 Most Libertarian Songs from Hamilton: The Musical

June 13, 2016
Culture

The Tonys this weekend featured a rarity in modern award ceremonies, a massive celebration for a work of art that romanticizes both America and the men that founded it. Lin-Manuel Miranda’s smash-hit Hamilton racked up 11 awards, including best musical, leading actor (Leslie Odom Jr. as Aaron Burr), featured actress (Renée Elise Goldsberry as Angelica

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The Fight for the Libertarian Nomination, Explained

May 25, 2016
Politics

In Orlando this weekend, the Libertarian Party will settle on their standard bearer for 2016. Not since 2004 has there been such intrigue at a Libertarian Party convention, and with the traditional two-party system as weak as it has ever been, it’s the first time in decades the Libertarian Party nomination may have impact outside

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Gary Johnson Selects “Phony Libertarian” As VP

May 19, 2016
Politics

Gary Johnson, perceived front-runner for the Libertarian Party, announced today that he would choose former Massachusetts’s Governor Bill Weld as his Vice Presidential candidate. On paper, the move seems to make a lot of sense. Weld, like Johnson, is a former Republican who has long had a reputation for being a “libertarian,” having been a

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Academic Welfare Queens

November 11, 2015
Culture/Politics

During Monday’s chaotic day of demonstrations at the University of Missouri, professor Melissa Click accomplished something she may have never done before in her academic career – taught an important lesson. Click, an assistant professor of mass media at Mizzou’s communications department, was recorded intimidating and threatening student journalists trying to document the protests occurring

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Libertarians Should Support Jeb Hensarling for Speaker

September 26, 2015
Politics

As a proud libertarian working in Congress, it is easy to adopt a nihilistic tone. While it is great see members like Justin Amash and Thomas Massie communicate the message of liberty on the House floor – the direction of the GOP caucus is often not that discernable from the Democrats across the aisle.  So

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The Liberty Conservative is an online political magazine devoted to the vision of less government and more liberty in achieving true prosperity for all. We intend to accomplish this by informing and educating our readers on our core principles of free markets, limited government, traditional values, and personal freedom.

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