JOIN OR RENEW TODAY
Property RightsU.S. HistoryPrivate Property
Many scholars employ excessively narrow notions of homesteading which wrongly suggest that virtually all Indian hunting grounds and food sources were "unowned."
To the extent that Cass Sunstein's "nudge" policy relies on behavioral economics, it relies upon a fallacy.
Trump shares some of the blame. He wanted to get out years ago, but never had the courage to stand up to the incompetent generals and “experts” he foolishly hired to advise him.
Booms and Busts
While bankruptcy has a negative connotation in the business world, “Bankruptcy fulfills the crucially important social function of preserving the available stock of capital."
Central banks are faced with the devil’s alternative created by their own policy. Either let inflation run and create a stagflation problem or scare the markets by tapering.
China is a rapidly aging, inefficient, conflict-ridden, and relatively poor country that simply is not on the road to seriously challenging the US’s hegemony.
Bassani's book reveals that the drive for decentralized government was far from being a reactionary, postratification political strategy. It was the very cornerstone of the American political system.
A few months ago US national debt exceeded $28 trillion. This number is certainly the one economists usually work with, but does this figure capture a long-term perspective?