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War and Foreign PolicyWorld History
"War acknowledges no limit to the sacrifices which [the state] may demand of a nation, and governments must necessarily have an equal power of compelling those sacrifices."
The academic and political buzzword today is "decolonialization," but what happens when good laws are discarded on the flimsy basis that they were established during a colonial era?
Labor and WagesValue and Exchange
There is only one way to improve the standard of living for the wage-earning masses: increased capital investment.
Logical positivism holds that theory is irrelevant to the empirical results. It is the other way around; One cannot understand or interpret economic data until one has a working economic theory in place.
Cronyism and CorporatismEconomic FreedomLegal SystemProperty Rights
Economists often deplore the corruption in developing countries, but when institutions are corrupt, don't expect people to have the incentive to be honest.
AntipoliticsBureaucracy and RegulationLawThe Police State
While the FBI and the Department of Justice have been overreaching, Donald Trump has not helped his own cause.
Mainstream economists say everyone should pay the same price for the same good. But that doesn't totally make sense.
For now, the dollar seems to be doing well against other currencies, but how long will that last?