The State’s Favorite Fallacy: The Cudgel in a Suit
Argumentation theorists in the pragma-dialectical tradition start from a simple requirement for any reasonable dispute-resolution: the parties must be free to advance standpoints and call standpoints into question.
Oil price surge sparks fears of $200 barrel amid Iran war
“Wright’s use of the word “unlikely” was a veiled concession that a spike to $200 was possible, though he repeated that the price jump would be weeks not months.”
GDP growth revised down bigtime to a sluggish 0.7% for Q4
Growth in gross domestic product was down sharply from 4.4% in last year’s Q3 and 3.8% in Q2. The fourth-quarter number was half the govt’s first estimate of 1.4%
Deleting the State: Skoble’s Deleter
[Deleting the State: Requiem for an Illusion by Aeon J. Skoble (Independent Institute, 2026; xiii +134pp.)]
Revisiting Colonial Massachusetts and Mises’s Taxonomy of Money
In economic science, as with any science, appropriate, accurate, and precise terminology is essential, but there are often challenges to fitting real phenomena into established categories. In a previous article, “Massachusetts 1690: The First Western Fiat Experiment,” I examined the first experiment with government-issued bills of credit. This article answers the following question: according to Mises’s taxonomy of money, where do the bills of credit of colonial Massachusetts fit?
Only Power Can Check Power
The Strait of Hormuz is On Fire
US Intel Warns Iran Regime ‘Not in Danger’ of Collapse
“A ‘multitude’ of intelligence reports provide ‘consistent analysis that the regime is not in danger’ of collapse and ‘retains control of the Iranian public.’”
Only Power Can Check Power: Why We Need Decentralization
A central problem of political theory has long been the question of “who watches the watchers?” This stems from the fact that it is generally assumed that it is necessary to grant the civil government a monopoly on coercive power in order to protect the subject population from domestic crime and from aggression by some other state. (Once the civil government obtains this monopoly, it is transformed into what we call a “state.”)