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War and Foreign Policy
For the Pentagon, happy days are here again. With a budget of more than $1.4 trillion for the next two years, the department is riding high as it attempts to set the stage for yet more spending increases in the years to come.
By making government prosecutors nearly invulnerable to legal accountability, the courts have unleashed a situation which F.A. Hayek described as one in which “the worst get on top.”
Money and BanksMoney and Banking
A slowing in the growth of the money supply is only a problem when that money is created "out of thin air."
New York Fed Chief Dudley recently suggested asset bubbles "emerge from the way market participant’s process information and trade" — thus ignoring the role of the central bank.
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Global EconomyMoney and BanksMoney and Banking