Why the Fracturing of MAGA Doesn’t Matter
Donald Trump has proven Horton’s Law, that politicians only keep their bad promises, true once again. He was always a New York Democrat billionaire, and he was never going to be a champion of working people or free markets. Trump is a Likudnik, not America First, and always was the former and never the latter. The Democrats were right that Trump was an agent of a foreign government; they just got the wrong government. Trump is an Israeli agent, not a Russian agent.
The US Must Return to a Gold Standard
The purchasing power of the US dollar has been debased by over 99 percent since the foundation of the Federal Reserve. (An ounce of gold cost $20.67 in 1913. According to the Wall Street Journal as of Friday, January 16 its price was $4,588.40. That means that the dollar is worth less than one half of one percent of its 1913 purchasing power [$20.67/$4,588.40=.0045]). Its remaining purchasing power may eventually become zero. There is no discipline in US spending and the Fed has become a willing accomplice to this crime.
Does Liberalism Fuel Imperialism?
History presents us with a troubling paradox: states that most fervently defend economic freedom at home often pursue the most aggressive foreign policies. Nineteenth-century Britain—the birthplace of free trade and the Industrial Revolution—was also home to the largest colonial empire in history. Today, the United States—certainly one of the freest economies—maintains nearly 800 military bases around the world.
Gold Exports, Trade Deficits, and Tariffs
How “The Vision of The Anointed” Explains Every Crisis in America
Thomas Sowell is one of the most influential and insightful voices in American academia. At 95, he wrote a new website: Facts Against Rhetoric. His work is known for its willingness to challenge even the most set notions with objectivity and command of empirical evidence.
In the Company of Mavericks: Mark Thornton on the Austrian Comeback
On the Failure of Constitutionalism Through the Ages: Norms, Emergencies, and the Administrative State
Classical liberals, as well as some libertarians, have long placed great faith in constitutions as instruments capable of restraining political power. Particularly following the Renaissance and Enlightenment, written constitutions began to be celebrated by limited government political theorists as rational devices designed to bind rulers, limit coercion, and protect liberty through clearly-enumerated rules.
Virtuous Market Distribution vs. Nefarious State Redistribution
Redistribution lies at the heart of the problems currently plaguing Western societies and all those who emulate them. A hint comes from the prefix“re-” in this word, which implies a second distribution taking place on top of a previous one. Implicit is the idea that this second distribution takes place because the first one is considered flawed. Yet, this original distribution is the natural process of the free market, while the second distribution—or redistribution—is artificially organized by the state.