“The need to limit the discretion of subordinates is present in every organization.”— Ludwig von Mises, Bureaucracy

“General Turgidson, I find this very difficult to understand. I was under the impression that I was the only one in authority to order the use of nuclear weapons.”—Merkin Muffley, Dr. Strangelove

[The 14th Amendment and the Incorporation Doctrine by David Benner. (Life & Liberty Publishing Group, 2017; 44pp.)]

Stablecoins are the next big thing. While the first ones were issued in 2014, they are now gaining significant momentum through the US GENIUS Act, passed on July 17, 2025. So, what are stablecoins?

Stablecoins are tradable, liquid “tokens” that represent an underlying asset or promise a fixed exchange ratio with it; they can be described as “money substitutes.” Stablecoins come in various types:

During the savings and loan crisis in the 1980s and 1990s, an interesting exchange took place on The Phil Donahue Show that is representative of a few collectivist category errors.

Disclosure by the FBI to Congress answers a long-simmering question but does not reveal what the agents did that day.

As in the US, immigration control is used in the UK as an excuse to push more government surveillance and control.