For the Pentagon, happy days are here again. With a budget of more than $1.4 trillion for the next two years, the department is riding high as it attempts to set the stage for yet more spending increases in the years to come.
Hoppe wrote in 1990 of the road that governments would take to create a one-world government, one-world central bank, and one-world currency. He was almost spot on.
Bastiat’s great themes — harmony rather than equilibrium, property versus spoliation, and property and value — have been almost completely neglected in professional economic science during the unfortunate twentieth century.
