The post office can't seem to balance its books. So like all monopolists, the postal service plans to "improve" things by increasing prices and making its service even worse.
Economists have failed to explain the mechanism by which an inverted yield curve signals an impending recession. But the Misesian explanation of the business cycle quite easily explains the pattern we observe in interest rates.
John Taylor's Tyranny Unmasked is one of the best American books on trade by one of the most thoughtful and least appreciated political analysts of the founding era.
Like other "antidiscrimination" schemes, the Equality Act is just another way to to extend federal power over every private institution and aspect of private life.
Capitalism works well in developing countries when certain cultural obstacles are overcome. But if we ignore the cultural foundations of market institutions, we only succeed in generating contempt for capitalism.
In the wake of Shays' Rebellion, "the ultra-nationalist leader James Madison" looked for "a way to strengthen the power of Congress." The Annapolis Convention was an important first step to building a national leviathan.
Federal regulators are claiming "socially responsible investing" can be just as good as traditional investing in terms of gaining returns for retired workers. But if that's true there's no need for regulations pushing these investments at all.
It's time to default on the national debt. It's the moral thing to do. We often speak of the problems with the effects of the debt. But the debt itself is an abuse and an imposition on taxpayers.
