Despite the claims from many historians that they just report the facts, the study of history is highly ideological and historians often depend upon narratives. Mises pointed out another way in his Theory and History.
If stablecoins continue to expand, the architecture of monetary control will inevitably change.
A sympathetic case for the America First Committee and their opposition to America’s entry into World War II comes from a surprising source.
As the US economy slowly deteriorates, the government's response is to intervene and to inflate. This does not end well.
If Hobbes is right about human nature, then he is wrong about the state as a solution. Ironically, his key arguments for the state are actually key reasons against it.
The dystopian futuristic movie Elysium portrays a terrible future in which only the rich have medical care while the poor suffer on an overpopulated, polluted planet. The film’s theme—that only huge wealth transfers can bring medical care to low-income people—is fundamentally flawed.
While giddy socialists are proclaiming that Zohran Mamdani’s electoral victory is the beginning of a socialist takeover of the US, the Democratic Socialists of America have a long way before they can complete their stated mission.
If the voting taxpayers (those who actually pay the bills) are outnumbered or outcompeted by the tax receivers, then national bankruptcy is the most likely outcome.
Much of mainstream economics holds to the Efficient Market Hypothesis (EMH), which is built on highly unrealistic foundations. The Austrian causal-realist approach has more explanatory power.
The justices that Trump appointed to the Supreme Court have shown a recent intolerance for the kinds of semantic leaps his administration is relying on to justify its tariffs. Will they remain consistent or fall in line behind the president?
