New York City is abuzz and still reverberating after Queens Assemblymember Zohran Mamdani—a self-described Democratic socialist—toppled former Governor Andrew Cuomo to clinch the Democratic mayoral nomination based on a Democratic Socialist platform that se
It is often claimed that the free market is nothing more than a system of exploitation, one where the “haves” gain at the expense of the “have-nots.” The very existence of haves and have-nots is said to create conflict, and we are supposed to lament inequality in ownership as proof that the market is aga
In recent weeks, four US Navy ships and a nuclear submarine, all carrying thousands of service members, have been deployed by President Trump to the waters off Venezuela’s coast.
Six months after Zelenskyy’s historic humiliation in the Oval Office, Trump’s meeting with Putin hopefully signals an end of the Russia-Ukraine war. From a moral point of view, this is to be welcomed, as the war—from both sides—has been morally illegitimate from the outset.
America is supposed to be a democracy, and people worry about whether elections are genuine or rigged. Should voting by mail be allowed? Should voters be required to show ID? In the current political climate, such questions are important, but there is an underlying premise that libertarians have good reason to question.
Last week President Trump took steps to re-name the Department of Defense the “Department of War.” The President explained his rationale for the name change: “It used to be called the Department of War and it had a stronger sound. We want defense, but we want offense too… As Department of War we won everything…and I think we…have to go back to that.”
Following Jerome Powell’s latest signal on rate cuts, economist Steve Hanke, Applied Economics Professor at Johns Hopkins University, explains why markets and policymakers keep fixating on the wrong variable. Interest rates don’t drive the cycle, he argues—changes in the money supply do, with long and variable lags.
Since 1978, a federal subsidy program (49 U.S.C. 5311) has funneled taxpayer money into intercity bus routes. Fast forward to today, and this initiative has failed. Instead of attracting riders, politicians have often crafted routes to win votes. As a result, subsidized bus routes have been squandering taxpayer money for 46 years.
The Federal Deposit Insurance Corporation (FDIC) is widely seen as a pillar of financial stability—a quiet assurance that bank deposits are safe, that the system is sound, and that the public need not worry. But this narrative conceals a deeper truth: deposit insurance is not an assurance of monetary integrity, it is a warning label that confirms systemic fragility.
