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Bureaucracy and RegulationEconomic Policy
Politicians, academics, and the media often call for a new Manhattan Project to deal with economic issues. But there is a huge difference between technological problems and economic ones.
BiographiesEconomic FreedomProtectionism and Free Trade
Most people think the Industrial Revolution catapulted humanity into modern comfort, but this narrative leaves out the agricultural revolution that had to come first.
Booms and BustsThe FedInflationBusiness Cycles
Mortgage companies and realtors are today's canaries. They're in deep trouble, and so are the rest of us.
Booms and BustsThe FedBusiness Cycles
The great credit expansion Alan Greenspan began thirty years ago has finally run its course. The Fed no longer can expand credit to fight the oncoming recession.
PhilosophyPhilosophy and Methodology
Language is an institution in society. We need to protect it from vandals in the state-linguistic complex.
Bombing private property is bad. So, when someone bombed the pro-eugenics, antihuman Georgia "guidestones," we naturally condemned the bombing. But let's not pretend the monument was a good thing.
The FedInflationU.S. Economy
The Keynesians running our economic life may be reassured that the Fed cannot fail in a technical sense, but the public should be appalled.
Bureaucracy and RegulationCapitalismCronyism and CorporatismDemocracyLaw
The New York Times claims that the "administrative state"—that is, governance by unelected bureaucrats—protects our country and enhances democracy.