Long before economics became a discipline—before universities, statistical models, or debates over monetary policy—a more fundamental question emerged on the shores of the Aegean Sea: Why does order exist at all?

On Monday, Alan Greenspan died at age 100. The former Federal Reserve Chair spent eighteen and a half years at the helm of the central bank from 1987 to 2006—a total of five terms under four presidents.

Manufacturers have indicated job cuts for three of the past four months as they seek to reduce head count over costs and demand concerns.

[Editor’s note: This essay, originally written in 2001, explains where Alan Greenspan went wrong in his view of business cycles and economic stimulus. It was in 2001 that we really began to see Greenspan’s inflationary methods become more apparent as he embraced new and aggressive forms of Fed activism. Greenspan’s push for greater levels of Fed intervention would lead to the housing bubble, its collapse, and the financial crisis of 2008.]

People are falling in love with their chatbots, mourning deleted AI companions, and treating artificial systems as romantic

The Declaration of Independence of July 4, 1776, embraces two value sets. The first is natural rights, and the second is limited government.

“The war of aggression against Iran was ‘a bridge too far‘ for the U.S. empire.”

Its ability to wage war and occupy more territory in Lebanon — and for how long — certainly comes into question.