Man, Economy, and State: Entrepreneurship and Change
David Friedman on Physics, Coase, Anarcho-Capitalism, and Cancel Culture
Washington’s “Suppression” of the Whiskey Rebellion Betrayed the Revolution. And It Failed.
Some conservatives are now bending over backwards to try to justify their calls for more federal intervention in local law enforcement around the nation. This has been problematic for many because some of these people also have pretended to be in favor of decentralization, local control, and a strict reading of the Constitution when it suits them.
Keep Those Federal Troops out of American Cities
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The violence and the utter disregard for basic human rights displayed by the Left in rece
Buchanan and Anarchism
The economist James Buchanan, who along with Gordon Tullock founded the public choice school of economics, shares with Murray Rothbard a trait rare among his fellow economists. Like Rothbard, he is interested in political philosophy. He doesn’t agree with Rothbard’s anarchism, and I’d like to discuss one of his arguments on this issue. Buchanan rests his case on an odd view of ethics, and this leads him astray.
Shelton Derangement Syndrome: Which Republicans Will Side with Fed Groupthink?
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Judy Shelton’s long and bumpy Federal Reserve nomination cleared an important hurdle last week when the Senate Banking Committee voted on party lines to send her for final consideration before the full Senate.
Why Keynes Was Wrong about Consumer Spending
As a result of the coronavirus pandemic, most experts are of the view that it is the role of the government and central bank to minimize the damage inflicted by the virus—and the policy response to it—on the economy.
Hopes for “China-ization” of Europe’s Economy Fuels the Latest Investor Frenzy
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The emergence of the European Recovery Plan, taking final form during marathon negotiations in Brussels (July 18–21), has run in parallel with the euro and Italian government bonds, joining a wider asset market frenzy in the midst of a still depressed global economy.
Political Self-Determination and the Nagorno-Karabakh Conflict
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“The right of self-determination in regard to the question of membership in a state thus means: whenever the inhabitants of a particular territory, whether it be a single village, a whole district, or a series of adjacent districts, make it known, by a freely conducted plebiscite, that they no longer wish to remain united to the state to which they belong at the time, but wish ei
