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Taxes and SpendingU.S. Economy
Economically speaking, the US government is bankrupt even if the government won’t admit what is obvious. But how would an actual bankruptcy proceeding go?
InflationMonetary PolicyInterventionismMonetary TheoryMoney and Banking
Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate.
Media and CulturePhilosophy and MethodologySubjectivismValue and Exchange
Modern Western culture is dominated by demands for "social justice." But how does one even define this term, and does social justice even produce justice in the end?
Money and BanksThe Police StateMoney and Banking
Contrary to Krugman, DeSantis and others warning about a CBDC aren’t being paranoid: they are simply drawing the obvious conclusions from history.
The Police StateWar and Foreign Policy
Sen. Lindsey Graham recently called for US military intervention in Mexico to fight the drug cartels. Someone needs to remind him that Mexico is a sovereign country.
David Gordon explores how Abraham Lincoln's stated view on secession was fundamentally Hobbesian, cynical, and violent.
Monetary PolicyMoney and BanksMonetary TheoryMoney and Banking
Money proper is not artifice. It is a physical "thing" of value, acquired through labor and emerging out of the needs of individuals, who through voluntary exchanges determine its value.
Central BanksThe FedFinancial MarketsMonetary PolicyMoney and BanksU.S. EconomyWar and Foreign Policy
Like the arsonist who then heroically fights the fire he set, the Fed is increasing its efforts to bail out banks both at home and abroad. This does not end well.