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Thomas Paine, whose fiery essay "Common Sense" made a case for the American Revolution, is a much-neglected American founder.

America's military technocrats (a.k.a. "generals") specialize in losing wars and also losing your money. Naturally, Congress wants to give them even more taxpayer cash.

Economists like Paul Krugman have claimed that practice of austerity in government would damage the US economy. As Mark Thornton points out, the opposite is true: austerity works.

The global economy is entering a recession because recent unprecedented government spending has zombified hugely indebted economies and has crowded out the private sector.

Throughout the better part of 2022 there has been one question that has consistently, and predictably, popped up in conversations with my friends,

Taxes Have Consequences: An Income Tax History of the United States, 

Following the attack on Paul Pelosi, the Capitol Police office has demanded a big budget increase. This is not to increase safety but rather to increase the agency's bureaucratic reach.

High time preferences also mean high times in a party atmosphere. When Jamaica embraced socialism many decades ago, it wasn't supposed to come to this.

Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.

In the name of "protecting workers," progressive legislators put people out of work. For their own good, of course.