U.S. HistoryWar and Foreign Policy
Legal SystemU.S. History
In the early years of the United States, legal systems were far more localized and flexible. But elites preferred consistency over flexibility, and the rich could afford the more bureaucratic legal institutions that ordinary people could not.
When opposing modern schemes for "reparations," libertarians are taking a moral position defending property rights — they're not just deferring to the status quo.
Booms and BustsFinancial Markets
From the yield curve to money supply growth, there are good reasons to believe we are in the autumn of the current expansion.