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The FedMoney and Banks
The Federal Reserve continues the proud Greenspan tradition of obfuscation and confusing language to describe its reckless actions.
Economic PolicyProgressivismFiscal Theory
While politicians claiming to be "fiscally responsible" call for balanced budgets, the real drag on the economy is government spending itself.
Big GovernmentBureaucracy and RegulationDemocracy
F.A. Hayek wrote that the "worst get on top" when it comes to government. Nearly eighty years after he wrote those words, nothing has changed.
War and Foreign Policy
The scale of the sanctions which Washington has imposed on Russia (and Russians) should not distract us from a crucial fact. What Washington is doing against Moscow is not rare. It is something that happens every day.
It's unlikely that Putin had no idea of the immense costs that he and Russia as a whole would incur in undertaking this war, so he likely believed the alternative would have been even more costly.
Book ReviewsU.S. History
The reality is the primary quality of an entrepreneur can’t be taught: the stomach to risk everything and keep wanting more.
Taxes and Spending
Germany's government is pushing a new plan for massive spending on a "Climate Fund." This is justified with the usual Keynesian myths about the benefits of government spending.
Countries must remain free to refuse the edicts of global institutions of "government" like the World Bank or the IMF. This is true even when the stated goal is advancing free markets.