Many urban police departments fail to make arrests in even half of the murder cases in their jurisdictions. Imagine if a private sector policing firm had a similar rate of failure.
Thanks to Trump's tariffs, discount stores have to raise prices — thus increasing the cost of living for ordinary Americans.
The aim is no longer the "dictatorship of the proletariat," because this project has failed. The new goal is "the dictatorship of the intellectuals."
Chile would be even better off today had it adopted Mises-style laissez-faire over Milton Friedman's monetarism. But even a Friedmanian regime is far superior to the Keynesian economies that have ruined Argentina and Brazil.
The Phillips curve cannot be a basis for a sound theory of what sets in motion price inflation.
The Fed's policies over the past decade have resulted in a rapidly widening wealth and income inequality.
Unfortunately, the economics Nobel this year neglects the problems at the heart of the State — the government failures that pollute and impoverish.
Trump has proposed the "Space Force" as a brand new and costly military branch and bureaucracy. The reaction to his plan helps illustrate the complexity of military politics in Washington.
If modern claims about the harm of free trade are true, then Lincoln must have been helping the Confederacy with his military blockade.
