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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.
The West Indies played a vital role in growing the British economy in the eighteenth century.
Decentralization and SecessionU.S. History
Why do Americans believe that state and local laws are subject to veto by federal policy makers but the federal government is to be the sole judge of its own laws? Federal elites want it that way.