JOIN OR RENEW TODAY
Coal drove the development of a whole new way of cooking and a radically different diet. A menu based upon coal-fired food was the cuisine that accompanied industrialization. Food and fuel were intricately linked in a fossil fuel-burning age.
Big GovernmentPoliticsU.S. HistoryWar and Foreign Policy
Washington never sleeps when it comes to declaring new overseas enemies to destroy. The new “axis of evil” now consists of Russia, Iran, and China.
War and Foreign PolicyWorld History
In the aftermath of Hamas's taking hostages in its conflict with Israel, the question arises: Who pays the ransom? State-financed payments lead to the worst outcomes and create moral hazards.
Bureaucracy and RegulationEuropeGlobal EconomyWorld History
The German economic powerhouse is slowing, weighed down by its costly green energy policies and a bloated welfare state. Germany's economy needs market reforms, not more state intervention.
The recent attacks in Israel are a horrific reminder of how lightly guarded civilization is from savagery.
Booms and BustsThe FedBusiness Cycles
The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves.
Booms and BustsThe FedInflationBusiness Cycles
Fractional reserve banking allows the Federal Reserve to manipulate the money supply, leading to booms and busts. Central banking is not a defense against business cycles; it is a major cause of them.
InflationMoney and BanksWorld History
Paper money transforms governments from parasites to predators. Once a government can print what it likes, it no longer needs taxes.