Personal Medical Bankruptcy: Made in DC

One unintended consequence of federal government intervention or regulation of medicine is individuals or families declaring federal bankruptcy for large unpaid medical bills. US healthcare costs and miles to the nearest star is measured in trillions. US healthcare spending reached $4.1 trillion in 2020 according to the most recent data from the Centers for Medicare and Medicaid Services. Americans spent $12,530 per person on medical care in 2020.

Đorđe Bokun is currently studying political science and international relations at the Faculty of Philosophy, Eastern

Hazlitt Against Keynes on Unemployment and Wages: A Lesson for Modern Macroeconomics

The Failure of the ‘New Economics’ thoroughly demolished the Keynesian system. Unfortunately, this “economic demolition” as Rothbard called it (Hazlitt 2007 [1959], xvi), went ignored by the mainstream despite it carrying implications that would have prevented the decline in theoretical vigor of mainstream economics that was Keynesianism. Hazlitt’s argument against Keynesianism was more than a mere theoretical critique; it was a robust argument fortified by sound economic theory and history.

“Army Values”

Conservatives are upset that the U.S. Military Academy—West Point—has removed the phrase “Duty, Honor, and Country” from its mission statement.

The phrase comes from a farewell address that retired general Douglas MacArthur—who attended West Point from 1899 to 1903—delivered to West Point cadets in 1962. The old mission statement was first formally adopted by the Academy in 1998.

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Sergio Lopez is a Bolivian-American libertarian and a recent graduate in economics from the University of Arkansas.