Recent
Empires, unlike revolutions, don’t have heralds; they work off quiet aggrandizements of power, not bold declarations of freedom. But America’s imperial class appears to have a member who’s missed that memo: the Zionist hedge fund manager William Ackman, a...
For several years and in a variety of works at the Libertarian and Mises Institutes, I have argued that Washington’s bipartisan consensus about Beijing as an aggressive, revisionist challenger to U.S. global supremacy was deeply misguided. Far from seeking global...
[R]elative shares in national income have remained substantially constant over the last hundred years. This, however, is true only if we measure them in money. Measured in real terms, relative shares have substantially changed in favor of the lower income groups. This...
