Trump is clearly focused on building a legacy in his second term with his domestic vanity projects and dramatic foreign interventions. But his actual legacy is shaping up to be defined by his lack of progress on affordability.
While unity sounds like a nice thing to have, when it comes to politics and nation-states, experience repeatedly shows that unity is the tool of those who build state power at the expense of freedom.
When it comes to fiscal reform, the Right—in Italy and abroad—should remember Jean-Baptiste Say: “The best scheme of finance is, to spend as little as possible; and the best tax is always the lightest.”
The Bill of Rights transformed the Constitution from one of supreme and total national power to a partially mixed polity where the liberal anti-nationalists at least had a fighting chance.
While libertarians like to think of political libertarianism as a peculiarly western concept, it turns out that classical Daoist thinkers wrote about state power in a way that would seem to channel none other than Murray Rothbard.
Many progressives believe that certain kind of speech, or what they call “hate speech,” should be subject to criminal penalties, including imprisonment. Murray Rothbard understood that such laws would destroy our very freedoms.
Investors are not abandoning dollars so much as they are abandoning fiat currency in favor of gold. Gold is rising as a share of reserves, but euros and yen are not.
The latest killing of a protester in Minneapolis by federal agents is reminiscent of the shooting of Vickie Weaver by a government sniper in 1992. In both cases, the government has refused to acknowledge wrongdoing and has engaged in legal coverups.
Historical data is not enough for economists to make sense of it. Instead, that data must be viewed through a theoretical framework that explains what has happened.
Conventional wisdom tells us the liberal democracies are the most peace-loving nations. But the record tells us something else.
