JOIN OR RENEW TODAY
The Bill of Rights transformed the Constitution from one of supreme and total national power to a partially mixed polity where the liberal antinationalists at least had a fighting chance.
When a politician says "do the right thing," what he means is "do what I say, or else."
Thanks to private property, trade, and the Industrial Revolution, there isn't much to be gained from wars among rich countries anymore. But things are different in the developing world.
The Fed is backed into a corner. If price inflation continues, the public could demand action and the Fed could be forced to cut back the flow of easy money, which may lead to a depression.
What we’re beginning to see is policy ghettoization, wherein states pass laws that the most fervent activists on the left and right, respectively, cannot enact at the federal level.
Money and Banks
Just because the demand for money changes over time doesn't mean we need a money supply that changes over time also.
Michael Huemer has written outstanding book exposing many of the ways that many people fail to misunderstand logical fallacies in many ideological debates today.
A few months ago US national debt exceeded $28 trillion. This number is certainly the one economists usually work with, but does this figure capture a long-term perspective?