Thanks to Trump-caused global price hikes, the Chilean Left has a much easier time destroying Chile’s new Catholic anti-socialist leader. 

For the first time in many centuries, Christians cannot enter the the Church of the Holy Sepulchre.

Only 22% of surveyed Americans correctly stated the top source of foreign oil in the US: Canada. 

So far in March barely six vessels per day on average have traversed the strait. That compares with about 135 a day in normal times.

Some commentators are of the view that one cannot trust the market economy, which is seen as inherently unstable. If left free, the market economy could lead to self-destruction. Hence, there is the need for the government and the central bank to manage the economy. It is held, in this framework, that successful management could be achieved by influencing overall expenditure; it is expenditure that generates income. An expenditure by one individual becomes the income of another individual.

“He [President McKinley] portrayed American expansion in the Pacific as a continuation of manifest destiny. He compared the Filipinos to Native Americans, calling them savage warriors or ‘little brown brothers.’ Appealing to popular attitudes of the times, he encouraged Americans to fulfill their manly duty to spread Christian civilization. The United States, he asserted, was a liberator, not a conqueror.”—Susan A.

The 250th anniversary of the Declaration of Independence and America’s formal secession from Great Britain will be a fruitful year for studying American history. Scholars will look back on America’s successes and failures and what they mean for the 21st century. After all, we must remember what caused the American economy to thrive and bring prosperity to millions. In this spirit, this article discusses how the United States’ other founding fathers—the Jacksonian Democrats—laid the free-market infrastructure vital for the Industrial Revolution.

In my article, “Sovereign Credit, Affordability, and the Crisis Ratchet,” I explored how sovereign credit expands during crises and rarely contracts once the immediate emergency passes. Governments accumulate debt under the justification of necessity, while borrowing costs remain manageable even as debt levels rise. The result is a one-way ratchet. Yet the persistence of that ratchet cannot be explained by politics alone.