Even before Trump was elected it was already clear that no one should expect him to cut spending and rein in annual budget deficits. Trump has always been about buying votes with more and more spending.

On June 18th, President Trump announced that he was directing the Pentagon to develop a new branch of the U.S. military, a “Space Force” that would give the U.S. “dominance” in that realm.

In August, Donald Trump signed into law a massive new military budget for fiscal year 2019, which began on Monday:

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Introduction

Economics is the youngest of all sciences. But it opened to human science a domain previously inaccessible and never thought of — the regularity in the sequence and interdependence of market phenomena.

Economic scientific inquiry is based on the uniformity and immutability of the logical structure of the human mind. It therefore can achieve results valid for all eras, races, and social classes.

After last week’s explosive congressional hearing, the Senate and the Trump administration agreed to reopen the FBI background check into Supreme Court nominee Brett Kavanaugh. Former FBI chief James Comey wrote Sunday that “the F.B.I. is up for this” because it is “full” of “people who just want to figure out what’s true.” 

But truth has often been a scarce commodity in FBI investigations. Consider these cases stretching back decades:

We Austrian economists frequently cross swords with our Keynesian foes on all manner of economic analysis and government policy recommendations. Yet the standard Austrian analysis of the business cycle is also sharply at odds with that of the “Market Monetarists,” a new school of thought coming out of the Chicago school tradition and now gaining traction at places like the Mercatus Center.

I am a long-time critic of NYT columnist and Nobel laureate Paul Krugman. In addition to my podcast “Contra Krugman” (co-hosted with Tom Woods), over the years I’ve also written dozens of online articles pushing back against our era’s most influential disciple of Keynes.

When the evolution of presidential power in early American history is discussed, it is sometimes alleged that the Louisiana Purchase was a particularly unconstitutional act and an example of presidential malfeasance.