Trump is trapped in a genuinely difficult situation as he tries to reach a deal with Iran. But it is a crisis of his own making. Also, the establishment figures now condemning him should not be allowed to pretend they had nothing to do with it.
Contrary to the myth that kings routinely ruled over cowed subordinates by "divine right" in the Middle Ages, civil governments of the period faced countless institutional obstacles to the exercise of power.
The US government coverup of the origins on the covid virus that hit the world in 2020 was bad enough, but now we know that the CIA itself was involved.
The current free-for-all in Division I NCAA sports is not the product of a free market, but rather is chaos being imposed by the courts and government agencies.
Domestic opposition to a government’s war is almost always seen as seditious—even if the criticisms are right. Whether it was war pursued by Abraham Lincoln or our modern wars of aggression, the attacks on the war critics are always the same.
Does a recession loom in our future? Given the irresponsibility of the government’s economic policies, the short answer has to be “yes.”
As AI continues to grow, we are told to fear private transactions and to depend on the state for safety and security. The reality is that we need to fear the state and what it will do to us as technology becomes increasingly sophisticated.
As Hayek noted, civilizations do not arise from political decrees, nor are they the simple product of culture. The costs of transacting exchanges also play an important role.
As economic uncertainty grows, the authorities turn to their only “solution”: increase sovereign debt and ratchet up inflation.
A modern myth is that the more government taxes and spends, the more “equality” it brings. Brazil is proving that is not the case.
