The Liberalization of Holidays and the Ownership of Time
One area that has received relatively little attention among liberals is the issue of liberty in determining holidays and leisure time. The classical liberal tradition has long regarded each individual’s right to make decisions regarding the use of their own time as self-evident; however, it has paid less attention to the ways in which governments violate this right through official holidays and restrictions on nighttime business activities.
Has Trump Already Lost the War with Iran?
The Illegal Constitutional Amendment
The 14th Amendment has been used extensively to decide on the constitutionality of many issues, among others segregation in schools, “civil rights,” immigration, and abortion. Debates over the meaning of the Amendment have produced an enormous literature. But there is a more fundamental issue that is generally ignored. Was the 14th Amendment legally ratified? If it wasn’t, the framework for much of subsequent constitutional law collapses.
Scott Bessent: New Prince of the Yen?
Ahoy! Ahoy! The Telephone, Entrepreneurship, and Cronyism
On March 7, 1876, Alexander Graham Bell was granted US Patent No. 174,565 for the speaking telegraph or telephone. Three weeks earlier, on February 14, both Bell and another inventor, Elisha Gray, submitted their respective ideas to the US Patent Office. On March 10, Bell used a liquid transmitter (an early microphone) to call his assistant, Thomas Watson, with the words, “Mr.
The Imaginary World of Fed “Independence”
Treasury Secretary Scott Bessent recently took to X to celebrate what he called one of the “highlights of the Warsh Fed.” His post didn’t have anything to do with what kind of monetary policy a Warsh-chaired Fed will do. It was about the humiliation of mainstream financial journalists—which is fine by me, but let me digress on “Fed independence” between mouthfuls of popcorn.
The Prussians Who Built Prussia
“Many products of Western European societies, from coins to castles, moved eastward in medieval times. So did more advanced agricultural methods, such as improved plows, the horse collar, and new systems of crop rotation. Germans living in Eastern Europe became in effect enclaves of Western European culture there. The landed nobility of Eastern Europe often deliberately attracted German farmers by allowing them to settle in towns and villages under German laws.
The Alice-in-Wonderland World of the WNBA
As Sophie Cunningham of the Indiana Fever drove toward the basket for a seemingly easy breakaway layup, DiJonai Carrington of the Chicago Sky bore down on her. Carrington, an aggressive defender, is well-known in the Women’s National Basketball Association (WNBA) for blocking shots from behind, but this potential block had no potential at all.
“The ingredients are coming together for a US financial crisis”
“Trying to defer America’s fiscal reckoning by monkeying with debt instruments is the trick used by broken hegemons through the ages. It is a Faustian pact.”