In the American West, Water Is a Political Weapon
Joseph Salerno Talks Currency Crises and Argentina
In this interview with Redmond Weissenberger, Joe Salerno discusses monetary policy, currency crises, the gold standard, and Argentina.
Bitcoin Banking
A currency is only as safe as the bank that stores it. Nowhere is this more apparent than in the recent turmoil in the bitcoin community.
Crony Capitalism and the Transcontinental Railroads
The first transcontinentals were all creatures, not of capitalism or the private markets, but of government.
Video: Mark Thornton Dicusses the Collapse of America’s Health Care Industry
Robert Taft and His Forgotten “Isolationism”
“It turns out that Taft was right on every question all the way from inflation to the terrible demoralization of the troops.”
How the NSA Made Your Legal Defense Illegal
[This article is part of a series. See “Edward Snowden, the NSA, and the US Courts” and “FISA, the NSA, and America’s Secret Court System.”]
Planning an Economy Is Not Elementary
In the absence of prices, could a central planner efficiently run an economy? Before you answer, I’ll drop the Hayekian proviso that the planner be vile. Instead, I’ll only ask you to consider a planner who is a soccer mom wanting to maximize happiness among all. Would you still answer in the negative?
The President’s Foreign Policy: Speak Loudly and Carry a Small Stick
At the beginning of the twentieth century, President Teddy Roosevelt’s foreign policy was, “Speak softly and carry a big stick.” At the beginning of the twenty-first, President Obama’s policy appears to the the opposite: “Speak loudly and carry a small stick.”
