Why the Dollar Still Beats the Euro and the Yuan
Understanding what turns an ordinary currency into a global reserve currency can help us understand how the dollar could go into decline and give way to competing currencies.
Understanding what turns an ordinary currency into a global reserve currency can help us understand how the dollar could go into decline and give way to competing currencies.
Most Western historians claim that World War I came about because of aggression from Germany and Austria-Hungary. However, Great Britain and its ANZAC allies were not innocent bystanders.
Low rates of military reenlistment in the USA are spun as a near crisis. Perhaps this situation should make us more optimistic about our future.
Sen. Lindsey Graham recently called for US military intervention in Mexico to fight the drug cartels. Someone needs to remind him that Mexico is a sovereign country.
When the Boeing 737 MAX had two crashes, the usual suspects called for more regulation. It turns out that the crashes were due more to regulatory failure than anything else.
A generation ago, the Berlin Wall fell and the USSR collapsed. Today, US monetary authorities are bringing down our own country.
The government wants to make gas cars a lot more expensive. But electric vehicles are so expensive in the longer term that gas cars still look like a better deal.
Politicians like Elizabeth Warren and Alexandria Ocasio-Cortez are demanding that successful entrepreneurs be taxed into oblivion. The real parasites are the politicians who destroy wealth instead of creating it.
The bipartisan RESTRICT Act—marketed as a "Tik Tok ban"—is properly named because it will restrict freedom, empower the state, and expand government surveillance.
As governments create a housing crisis, Marxists call for policies that will make the crisis worse.