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Big GovernmentPoliticsU.S. HistoryWar and Foreign Policy
Washington never sleeps when it comes to declaring new overseas enemies to destroy. The new “axis of evil” now consists of Russia, Iran, and China.
Central BanksAustrian Economics OverviewBusiness CyclesMoney and Banking
Jesús Huerta de Soto reviews Murray Rothbard's A History of Money and Banking in the United States: The Colonial Era to World War II.
Money and BanksTaxes and Spending
The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low.
DemocracyThe Police StateWar and Foreign Policy
While Israel receives praise for being a "democracy" in the undemocratic Middle East, its surveillance policies mirror those of China, which is decidedly not democratic.
The FedMonetary PolicyU.S. Economy
The Federal Reserve is losing money, according to its official books. Does that matter, or does the Fed operate outside the bounds of the laws of economics?
Bureaucracy and RegulationCronyism and CorporatismMedia and CultureU.S. History
The newly-released movie "Killers of the Flower Moon" depicts what happens when politically-connected people can use the state to carry out nefarious deeds. Unfortunately, government failure is one lesson that is sure to be lost here.
Cronyism and CorporatismEconomic PolicyMinarchyProgressivism
An unfortunate consequence of increased wealth is the growth of the parasitic consumptive class of political and cultural elites. Labor migrations often follow in the wake of damage that elites do.
Booms and BustsThe FedFinancial MarketsU.S. Economy
As the federal government continues its Ponzi scheme of issuing debt to pay for past debts, interest rates will increase to the point where this no longer is a tenable strategy—if it ever was.