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President Trump is levying high tariffs without consent of Congress, despite the fact that the US Constitution gives only Congress the power to set...
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Politics
Dr. Fegley is a Fellow of the Mises Institute and chair of business and economics at Montreat College. In 2023, he joined the Mises...
Politics
The success of the American Revolution struck a heavy blow against the mercantilist system. But unfortunately, the wound was not mortal.
Politics
Marx failed to grasp that there are laws of human action that apply universally. His understanding of economics was far inferior to that of...
Politics
Starting in January of 1967, Rothbard churned out fifty-eight columns, the last one written in the summer of 1968. In those two crucial years, there...
Politics
What better way to “celebrate” tax season than to talk taxes? Stop me if you’ve heard this one: Taxation is not theft. It’s just...
Politics
Money first originated through the voluntary exchange of commodities, such as gold and silver, in order to eliminate the inefficiencies of barter. As Austrian...
Politics
The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday raised the target policy interest rate (the federal funds rate) to 5.25 percent, an...
Politics
Ryan and Zack talk about some of the details from the recently leaked Pentagon documents. They reveal dysfunctional American foreign policy and just how...
Politics
Previously I explained Ludwig von Mises’s descriptive philosophy of the consent of individuals as the only thing that gives value to norms and authority....
Politics
Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today’s banking world. Original...
Politics
Washington elites and especially their media have denounced what they once praised: leaking of official documents that show the government has been lying. Original...
Politics
This spring marks the twentieth anniversary of the US invasion of Iraq in 2003. After an initial frenzy of war fever in the early...
Politics
To understand the economy, most financial experts and commentators rely upon gross domestic product (GDP). The GDP framework looks at the value of final...
