The ascent to power in Argentina of the first avowed libertarian, in the person of Javier Milei, was seen not only with excitement by many libertarians but also as a moment of truth. Not only did it show that it was possible to get a majority of the electorate of a large country to vote for a radical agenda of freedom, but it also suggested that libertarians might finally be able to show the entire world that the unhampered free market is not only possible, but also highly beneficial for any society.

From the Quarterly Journal of Austrian Economics.

The countries seen as targets to follow Brexit are Austria, Hungary, Italy and Poland, according to leaked details of the US national security strategy.

On Wednesday, the silver price hit $63.86 per ounce — nearly double its level a year ago — after the Federal Reserve trimmed rates by 25 basis points.

Christopher Chantrill: Most every corrupt government program begins as a moral crusade and ends up as a spoils system: Social Security, Medicare, Obamacare, etc. 

Federal workers are a powerful lobby in Washington, and taxpayers pay the bills for federal bureaucrats’ wages inflated through federal laws favoring federal unions. 

President Trump is planning to appoint a two-star US general to lead the international force that may be deployed to Gaza under the US ceasefire deal.

From the Quarterly Journal of Austrian Economics: