Debt, War, and the Tangled Web
Mark Thornton traces today’s tangled web of paper money, debt, war, and AI malinvestment—from John Law’s Mississippi Bubble to the Fed’s latest distortions.
Mark Thornton traces today’s tangled web of paper money, debt, war, and AI malinvestment—from John Law’s Mississippi Bubble to the Fed’s latest distortions.
In this week’s Friday Philosophy, Dr. David Gordon reviews Fred Reed’s latest work, which lambasts the American propensity to fight pointless yet destructive wars abroad, all the while destroying what is left of what was once a decent society at home.
The drive for military conscription has always depended upon the use of propaganda, since governments cannot make an honest and genuine case for the wars they start.
The drive for military conscription has always depended upon the use of propaganda, since governments cannot make an honest and genuine case for the wars they start.
Mark Thornton argues the AI data-center bond boom is the latest techno bubble—cheap-money malinvestment dressed up as a new era.
Twenty-five years after 9/11, many seek to rehabilitate the War on Terror by appealing to the horror of 9/11, the right to respond, and the ideal of fighting terrorism. Many now demand that we judge an idealized “War on Terror” by its intentions rather than the war that actually occurred.
Twenty-five years after 9/11, many seek to rehabilitate the War on Terror by appealing to the horror of 9/11, the right to respond, and the ideal of fighting terrorism. Many now demand that we judge an idealized “War on Terror” by its intentions rather than the war that actually occurred.
Empire creates the foundation for foreign meddling in domestic politics.
Ignorance is treated as a reason to trust the state rather than a reason to withhold judgment about its exercise of coercion. To assume that the state’s unknown information is correct and justifying is therefore to err on the side of violence.
Mark Thornton argues Washington’s political theater cannot paper over the mounting costs of war, sanctions, debt, and inflation.