New IRS Tax Gap Estimate
Chris Edwards The federal “tax gap” is the amount of taxes owed but not paid on time, which is loosely viewed as the amount of tax cheating. The IRS has…
Who Killed Liberalism? Remembering the Walter Lippmann-Mises Colloquium
With Europe moving toward conflict in 1938, a number of economists and other intellectuals met in Paris to try to revitalize liberalism. Ludwig von Mises also was there as a…
How the Bankers Outfoxed the Politicians
When the bankers called for a central bank in the US, they claimed to only want a way to stop bank runs. It turns out that they wanted—and got—much more.…
The Battle of the Confederate Monuments
In the past four years, a number of monuments honoring the Confederacy have been torn down or removed. As we have seen before, however, the activism behind this movement will…
Enough Already: Stop Provoking Russia
The Ukraine war rages on and while the media and political classes repeat the “Putin started it” mantra, the evidence points elsewhere. The US government and its European allies have…
Does Technical Knowledge by Itself Drive Economic Growth?
Ask most people why our economy is advanced, and they will likely will answer, “Technology.” Yet, technical knowledge is meaningless without capital development, and capital development is impossible without real…
What Does ChatGPT Know about Money?
What does ChatGPT know about money? More than one might think. George Ford Smith asks the AI program some questions about money and gets some surprising answers.
Friday Feature: Onward Learning
Colleen Hroncich Pine Ridge Reservation in South Dakota is the poorest area in the nation, says Mary Jo Fairhead, a former public school teacher who grew up on the reservation.…
Whose Property Is It?
Legal philosopher Jeremy Waldron in his book The Rule of Law and the Measure of Property challenges the Lockean view of legitimate property ownership. David Gordon sheds light on Waldron’s…
New Ships Offer a Case Study in Protectionist Dysfunction
Colin Grabow Last week, the Philly Shipyard announced the ceremonial start of construction on three Aloha class containerships. While typically a celebratory occasion, the cutting of steel for these ships…