Bureaucracy and RegulationCronyism and CorporatismWar and Foreign Policy
America's subsidized arms industry also benefits greatly from presidential efforts to push international arms deals with foreign regimes.
Labor and WagesLegal SystemWorld History
The real economic discovery of civilization was the free market.
I hope to correct a persistent misunderstanding about Mencken's economic and political ideas.
From the ArchivesAustrian Economics OverviewPhilosophy and Methodology
Methodological individualism is a precious tool for historical analysis. But it is not a foundation of economic theory.
The EntrepreneurEntrepreneurshipMoney and Banking
Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency.
Decentralization and SecessionU.S. History
Even if a section of the US were to today secede for some noble reason (i.e., not slavery), the outcome would still likely be invasion and war.
Calculation and Knowledge
Taxes and SpendingOther Schools of ThoughtPhilosophy and Methodology
Legal SystemU.S. History
Even without the Bill of Rights, the federal government has no legitimate authority to control what people read or what people own, including books and guns.
A tariff is a tax on imports. That tax is paid by every American who buys the now-more-expensive product.