Ten Lessons on US Foreign Policy from Enough Already
In this review of Scott Horton’s book, Enough Already, we see that the wars the US has waged for the past quarter century in the Middle East have been a…
The Birth of “Irrational Exuberance”
Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France’s minister of finance.
Nagel on Libertarianism and Other Things
David Gordon takes another look at Thomas Nagel’s Equality and Partiality. While he finds some of Nagel’s arguments appealing, they still are inferior to Murray Rothbard’s systematic interpretation of natural…
If Republicans Are Against Lawfare, They Shouldn’t Have Unleashed It
Had Republicans not vastly expanded federal criminal law during the infamous Wall Street prosecutions 40 years ago, lawfare would not have become such a potent political weapon.
Kamala Harris’s Price-Fixing Scheme Would Lead to Food Shortages
Kamala Harris claims that she simply wants food prices to be lower. However, her de facto price fixing scheme would create food shortages and raise the real price of food.…
Why People Pay Higher Prices for Some Goods Relative to Others
One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more than others. While this seems to…
A Free-Market Guide to Trump’s Immigration Crackdown
One does not need to be an advocate of open borders to have concerns when one hears about a federal law enforcement agency engaging in a “crackdown.”
Gresham’s Law: Bitcoin Will Save the World!
While most of us are familiar with Gresham‘s Law, we should remember that it does not mean that bad money is preferred to good money. Instead, it refers to a…