According to much popular economic thinking, there are three factors determining the market interest rates. The first is liquidity, the second factor is economic activity, and the third factor is inflationary expectations. Milton Friedman held that whenever the central bank raises the growth rate in money supply by buying financial assets such as Treasuries this pushes the prices of Treasuries higher and its yields lower.

“Humanitarian intervention” sells itself as a moral shortcut: bypass the messy politics, send in the troops, stop the monster. Many libertarians respond with a familiar reply: non-intervention, because aggression against another nation is wrong.

When a monster military like the US circles its prey for possible attack, very little can go wrong. Painful lessons of past wars have taught state leadership how to avoid mistakes that can drag the country into interminable conflict. If the order to pounce is given, the outcome will soon be decided and the winner never in doubt. The foregoing is offered as the naive view of US foreign policy.

Ever since people began warning about the threat from Cultural Marxism, the Marxists’ main line of defense has been to deny everything. They claim that their critics are hallucinating and fighting with shadows.

The Marxists in control of universities insist that academic freedom is alive and well. No one has been excluded from the academy for being a conservative. No teachers are indoctrinating their students—they merely teach them true history.

We’re supposed to believe that medical licensing exists to protect healthcare consumers from “quacks” and “charlatans.” The purpose, we’re told, is to improve the quality of healthcare, yet this system has manifestly failed to produce good patient outcomes.

“77 percent of [Republicans] support the war, on average. But that’s exactly what we’d expect for almost any Trump policy.”