How Political Competition Made Europe Rich
Political decentralization is “the essence of the spirit of Europe.” It is what made room for the merchant to trade and for the worker to innovate.
Political Theory
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Trump Cuts Subsidy to Real Estate Industry, Opponents Call It a “Tax Increase”
The FHA has long subsidized home loans and home sales with its federal insurance program. Banks and Realtors want to keep the money flowing.
Conceived in Liberty: The Medieval Communes of Europe
The urban "communes" of medieval Europe were the early cradle of economic and political freedoms that would transform Europe in later centuries.
Trump Readies a New Pentagon Spending Binge
Politicians and bureaucrats have found in Trump a friend who can help fleece the taxpayers for a few trillion more in military spending.
The DEA: A Good Place to Cut the Federal Budget
In the real world, repeated failure usually results in budget cuts. But that's not how things work with government agencies like the DEA.
Week in Review: January 21, 2017
America has a new president, but will the new boss be the same as the old boss?
What Trump Could Do
Today Donald Trump becomes president of the United States. Voters rejected the devil they know so well — Hillary Clinton — for the devil they don’t.
German Inflation Anxiety Could Bring an Election Shock in 2017
With German elections approaching, Germans may grow tired of monetary instability forced on them for the sake of saving the Italian economy.
Must Libertarians Be Individualists?
Contrary to the claim that they want for all a "self-sufficient" life in isolation, libertarians assume there is great value in voluntary cooperation.
The Failures of Obama’s Foreign Policy
Andrew Bacevich and John Mearsheimer, two leading foreign policy scholars, indict the interventionist foreign policy of the Obama administration.
