The Phony Debate on Fiat Money: Rules versus Discretion
Inflation in Money or Prices? The Definition Matters
QJAE: Happiness and Public Spending
What’s So Great About Democracy?
U.S. officials and statists in the private sector incessantly sing the praises of democracy. They even invade and wage wars of aggression against countries that lack democracy.
But what really is so great about democracy? Actually, only one thing. And, no, it’s not freedom.
After all, if democracy is so great, why does the Bill of Rights protect us from it? We often forget that.
Is a Welfare State Consistent with Libertarianism?
Governing Least: A New England Libertarianism
by Dan Moller
Oxford University Press, 2021; xii + 326 pp.
No, We Cannot Afford to Fund Yet Another War
In a 60 Minutes interview over the weekend, host Scott Pelley asked President Joe Biden, “Are the wars in Israel and Ukraine more than the United States can take on at the same time?” The president answered, “We can take care of both of these and s
Hamas’s Victory
Those who called Hamas’s attack on Israel “Israel’s 9/11” were more accurate than they realized. Just as the US reacted to 9/11 by fulfilling Osama bin Laden’s wish that the US would get bogged down in no-win wars, Israel’s reaction to the Hamas attack fulfills Hamas’s likely goal of radicalizing more Palestinians. The result of Hamas’s attack will be to strengthen the most extreme elements on both sides of the conflict.
