Intermediate

While Israel receives praise for being a "democracy" in the undemocratic Middle East, its surveillance policies mirror those of China, which is decidedly not democratic.

The Federal Reserve is losing money, according to its official books. Does that matter, or does the Fed operate outside the bounds of the laws of economics?

The newly-released movie "Killers of the Flower Moon" depicts what happens when politically-connected people can use the state to carry out nefarious deeds. Unfortunately, government failure is one lesson that is sure to be lost here.

An unfortunate consequence of increased wealth is the growth of the parasitic consumptive class of political and cultural elites. Labor migrations often follow in the wake of damage that elites do.

As the federal government continues its Ponzi scheme of issuing debt to pay for past debts, interest rates will increase to the point where this no longer is a tenable strategy—if it ever was.

A Cato Institute associate has declared the development of the covid-19 vaccines to be a free-market “triumph.” The only thing that has triumphed in this sorry episode has been the rapid growth of coercive government power.

In the aftermath of Hamas's taking hostages in its conflict with Israel, the question arises: Who pays the ransom? State-financed payments lead to the worst outcomes and create moral hazards.

Nobel Prize winner Angus Deaton claims that the free market cannot provide adequate medical care. Of course, he goes on to describe government failure but calls it a free market.

One way to combat intellectual atrophy is to learn from Ibram Kendi’s mistakes and do the opposite.

Governments regularly suppress freedom—yet few complain. One wonders if Stockholm syndrome is at work.