The Unwelcome Return of the Real Purveyors of Violence
It’s hard to be optimistic about a Biden administration with so many hyperinterventionist Obama retreads. Get ready for new wars and "regime change" operations.
Mises Wire
Biden Can Now Launch the Nukes and Unleash World War III Whenever He Feels Like It
The power to incinerate a billion or more human beings over morning coffee remains in the power of the president. This morning Biden supporters on Twitter were ecstatic over the video of the nuclear launch equipment being handed over to Biden.
Why Governments Want More Centralization—and Less Federalism
America’s founders did not envision the federal government as the domineering senior partner in almost everything. What was once best described as “sovereign States, united solely for specified joint purposes” has been largely eviscerated.
Time Preference, Interest Rates, and Stagflation
As a result of past reckless fiscal and monetary policies the pool of real wealth could be declining. If so, stagflation will result.
What Biden/Harris Will Do
Will Biden/Harris be a transformative administration?
Halfway to Secession: Unity on Foreign Policy, Disunity on Domestic Policy
Expect opponents of secession and decentralization to start claiming that neither option is acceptable because any big change to the status quo could endanger American "strength" in foreign policy. Don't listen to them.
Unintended Consequences: Some Problems with National Income Accounting
It's not that we need to rid ourselves of the baggage of macrostatistics completely. Rather, we need to 1) critically assess whether they are appropriate, if so, 2) for what role, and finally 3) whether they are consistent as a tool we can use to tell the story we want.
A Welcome Attack on Churchill and Wilson
What seems to me the great strength of Pankaj Mishra's new book is its demonstration that the atrocities of imperial conquest and rule prefigured the horrors of the European wars of the twentieth century and later wars of conquest as well.
It’s Time for a National Divorce
The polarization reached a peak on January 6, but more peaks are sure to come. Perhaps this year, perhaps down the road. But they’re going to happen, and they could be much worse in the future.
Let’s Abolish Those Presidential Medals of Freedom
Never trust a president's judgment when it comes to what constitutes freedom. The absurd presidential record on Medals of Freedom illustrates this well.
