War and Foreign Policy

I think any study of history or even the present ought to rely on the belief in contingency, that human action is what drives history, not broad deterministic sweeps of things that human beings are not in control of.

The US finds itself once again in an undeclared overseas war. Republicans in Congress, however, are unwilling to hold Trump to the Constitution.

"It is legitimate to use violence against criminals in defense of one's rights of person and property; it is completely impermissible to violate the rights of other innocent people."

Gold and silver whip around with war and liquidity stress, while the Fed quietly rolls out “emergency” support. Mark Thornton explains what’s driving the moves.

One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.

One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.

It's unknown what Trump thinks is the real reason for the current war with Iran, but stealing the oil is perhaps on the list, right after bombing the country "back to the stone ages." 

Paul Schroeder (1927–2020) was generally regarded as the greatest American diplomatic historian specializing in Europe: The Transformation of European Politics, 1763–1848.

The ongoing destruction of the world’s largest natural-gas reservoir at South Pars and Qatar has produced exactly what Austrian economics predicts: sudden, irreplaceable capital destruction followed by a violent supply shock.

Mark Thornton explains the gold and silver selloff.