In the days of the American Civil War, Americans were not exactly known for their ideological consistency. Many who sang the praises of the American secession in 1776 suddenly decided that the first paragraph of the Declaration of Independence—where it states that it’s perfectly fine “for one people to dissolve the political bands which have connected them with another”—changed their minds and decided allegiance to the government is the most important thing in the world. 

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As an Albanian man, I am usually struck by the ease with which so-called “democratic socialists” in America dismiss any criticism of their beloved socio-economic system. When I point out the fact that “real socialism” has been tried, and it has failed miserably everywhere it has been tried including in my country of origin, Albania, I am usually hit with some meta-Marxian paradigm of how communism is not socialism, and how the dictatorship of the proletariat is not communism.

In the year of the 250th anniversary of Jefferson’s Declaration, a growing share of the public believes capitalism has failed. Polls show socialism favored by 40 percent of Americans.

For those who understand that unlimited federal power is a threat to individual liberty, one area of great concern is the fourteenth amendment’s “equal protection” clause. The aim of this amendment was to give the federal government power to “protect” citizens from being discriminated against by their own states.

Happy Birthday, Ludwig von Mises: The Greatest Enemy of All Socialists

Ludwig von Mises was born 145 years ago today. The world is a very different place than it was back then, but Mises’s impact continues to be felt to this day.

Although he isn’t running for office, President Trump is running taxpayer-paid ads praising himself and warning of a “final battle.”

Secretary of the Treasury Scott Bessent and famed investor Stanley Druckenmiller worked for George Soros during his famous coup of the UK pound crisis back in 1992. Druckenmiller has since gone on to be an independent hedge fund manager with one of the best records on Wall Street spanning several decades. Scott Bessent’s independent hedge fund closed because of poor performance during a period of record growth in the stock market and his second attempt did not fare much better.