World History

Lenin called World War I a war among the capitalists of Europe. He was wrong. It was a war among oligarchs, statists who extract wealth from legitimate economic activity at the barrel of a gun.

Decade after decade, he fought militarism, protectionism, inflationism, every variety of socialism, and every policy of the interventionist state, writes Ralph Raico.

It is theoretically possible that through huge gains in productivity, the US could escape inflation and stave off a recession. But don’t count on it.

Antony Mueller explains that measuring the economy as a whole owes its popularity to the Cold War—that the origin of the GDP lies in the management of the war economies of the first half of the twentieth century.

Do the low inflation rates mean that the purchasing power of Japanese and Swiss citizens has increased relative to other countries over time? The answer seems to be no.

Lenin called World War I a war among the capitalists of Europe. He was wrong. It was a war among oligarchs, statists who extract wealth from legitimate economic activity at the barrel of a gun.

Ukraine should have been a middle-income country by now. Instead, it is one of the poorest in Europe. If Ukraine joined the EU, it would be the poorest country and well below even Bulgaria.

It is one thing to follow the law for prudential reasons and another thing entirely to assume the law brings with it some sort of moral imperative. Laws rarely do.

Socialization of the economy led to immediate disaster. In 1920–21, Bolshevik agrarian policy culminated in a famine with an impact unparalleled in modern European history.

The new cold warriors are gaslighting the public on military spending, claiming spending isn't "keeping up." They want hundreds of billions in new taxpayer dollars.