The abortion debate in the United States has become essentially a debate over how much abortion policy ought to be centralized at the federal level. Given that there is no real chance of a nationwide abortion ban, whether or not the US Supreme Court strikes down Roe v. Wade is a question of whether or not abortion policy will become the domain of state and local governments. That is, without Roe to federalize abortion policy, the matter goes back to where it was before 1973: to state and local lawmakers.

Longtime readers know that I am not the biggest fan of Paul Krugman, especially when it comes to his advocacy of government inflation and budget deficits. It’s especially ironic when I criticize Krugman’s writing on international trade, since that’s the area in which he won the Nobel Prize.

Is college over?

You know the answer. I know the answer. But we’re in limbo. We still hate to think of our kids and grandkids not going to college. We are stuck in Baby Boomer and Gen X mindsets. University degrees were a big part of our identity and professional careers. We want young people to be educated in the real sense of the word—and better off than we were.

Mises University fixes this. Let me explain.

Many economists believe that during an economic slump government should run large budget deficits in order to keep the economy going with increases in government outlays, with the consequent budget deficit giving individuals more disposable money. This, in turn, will result in an increase in consumer spending that will lift the economy’s gross domestic product (GDP) by a multiple of the increase in consumer expenditure.

The Russian invasion of Ukraine has brought America’s foreign policy interventions under the limelight once again. Ryan McMaken argues that the US administration’s claim that countries should not have the right to a sphere of influence, implicitly addressing Russia, is hypocritical. The US opposes a sphere of influence for Russia and other regional powers, while at the same time has steadily expanded its own global outreach.

By now everyone has heard or seen it, the thirty-second video clip having been destined to go viral the moment it happened.

In an understandably rare public speaking event at the George W. Bush Institute at Southern Methodist University, the 43 president made a Freudian slip of almost unimaginable proportions: he admitted to being a war criminal.

Inflation is created by governments, so the solution to inflation is political. Governments and cronies falsely claim that inflation is good or even necessary, when it’s neither. It’s just best for elites. Deflation, on the other hand, comes naturally when customers are in control, and this customer-driven deflation brings sustainable investment and increased productivity. This is best for everyone.

On the morning of Wednesday, May 4, I woke up feeling the onset of illness. My eyes burned and my muscles ached. As someone who had not been ill for more than a decade, I knew there was a problem, and I wondered if I had caught covid-19 after avoiding it ever since its outbreak in the United States more than two years ago.