One Good Thing Can Come From US Intervention in Greenland: The End of NATO

President Trump has again begun threatening Denmark with a potential US annexation of Greenland, an overseas possession of the Danish state. The administration has refused to rule out military action, and in the wake of the US bombing of Venezuela, it is clear that anything is possible. 

Yet, there is one important factor at work in the Greenland case that was not relevant to the bombing of Venezuela: Denmark is a NATO member. 

Three Monetary Riddles for the New Year

Three monetary riddles, partially overlapping, require at least a tentative solution before work on any genuine forecast for 2026 and beyond should begin. The completion of the forecast depends further on the taking of a view about the pre-election US monetary stimulus policy of 2025-6. How will this rank alongside previous episodes of the same phenomenon including the Nixon shock of 1971/2, the Volcker/Baker devaluation policy of 85-6, and the Bush/Greenspan devaluation and near zero rate policy of 2003-4.

Security, Fear, and Power: The Impossible Rest of States

The recent kidnapping of Venezuelan President Nicolás Maduro by US special forces in Caracas perfectly symbolizes the resurgence of offensive realism in geopolitics. In this American continental theater, where regional ambitions and external interference clash, we witness the mechanisms described by realist theorists in action: the maximization of power, security paranoia, and the exploitation of threats to justify the expansion of control.

The Aristotelian-Thomistic Roots of Austrian School

Aristotelian-Thomistic realist philosophy may be the strongest foundation for disciplines such as praxeology. As David Gordon notes in his book The Philosophical Origins of Austrian Economics, the Austrian School and realist philosophy seem made for each other. The Austrian School defends methodological individualism, a view of individual human action that Aristotle had already articulated in the Nicomachean Ethics.