The ongoing destruction of the world’s largest natural-gas reservoir at South Pars and Qatar has produced exactly what Austrian economics predicts: sudden, irreplaceable capital destruction followed by a violent supply shock. Oil has spiked, European gas prices have jumped, and the Strait of Hormuz is now a flashpoint.

The economist Walter E. Williams was a great defender of liberty, and, in that context, he also defended the right to self-determination and the right to secede. But his reasons for opposing the removal of Confederate monuments were not confined to his support for independence movements. He was also against the vandalism and pointless destructionism of the social justice warriors. 

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.