Politics
For the first five months of the 2025 fiscal year, federal spending is coming in at the highest level ever. This is true even...
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Politics
What happens to businesses when liabilities exceed assets? They go bankrupt, with the spectacular failure of FTX being front-and-center. However, the Federal Reserve is...
Politics
With people calling for an audit of the US gold stores at Fort Knox, perhaps we should remember how that gold got there in...
Politics
[This essay was originally published as “Die Legende von Versagen des Kapitalismus” in Der Internationale Kapitalismus und die Krise, Festschrift für Julius Wolf (1932)1...
Politics
Thousands of busybodies have descended on Abu Dhabi to forestall what they see as an imminent apocalypse. The twenty-eighth meeting of the Conference of...
Politics
One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses)...
Politics
Market processes rely on prices, which are not established by a government decree or by the randomness of the human mind but are instead...
Politics
The Wall Street Journal reported last month that the ballot initiative to decriminalize all drugs in the state of Oregon is failing, and that...
Politics
The Biden administration claims it wants to get out in front of the development of artificial intelligence. However, the likely scenario is that AI...
Politics
(Originally published July 1, 2004.) Historians have trivialized Calvin Coolidge as a do-nothing President naive enough to believe that “the business of America is...
Politics
Politics in all its variants, particularly the politics of political parties, is the archenemy of freedom, prosperity, and peace. Yet, wherever one looks, more...
Politics
Ivory Tower economists continue to tell us that the US economy is booming, but consumers disagree. Paul Krugman has a new explanation for the...
Politics
It was an entirely different time when support for Israel was a uniform consensus on the right. Back in the middle of the 2010s,...
