U.S. Treasury Secretary Scott Bessent complained on Wednesday that the World Bank and the International Monetary Fund (IMF) are suffering from “mission creep.” But Bessent announced that the Trump administration will be “doubling down” on supporting the largest...
Featured Articles
Ukraine’s NATO Membership Was Always Russia’s Red Line
by Kyle Anzalone | Apr 28, 2025 | Featured Articles, Foreign Policy
Last week, the Kremlin said it was finally satisfied with Washington’s position on future NATO membership for Kiev. "We have heard from Washington at various levels that NATO membership for Ukraine has been ruled out,” Russian spokesman Dmitry Peskov explained. “And...
TGIF: More on Menger and Value
by Sheldon Richman | Apr 25, 2025 | Economics, Featured Articles, Sheldon Richman, TGIF
Consumer goods are also called finished goods. The products we buy at the supermarket and other retail stores have, in less finished form, passed through many stages (including distribution), reaching back to the original factors of production: land and labor. Land...
A Federal Reserve Unbound
by Joseph Solis-Mullen | Apr 24, 2025 | Economics, Featured Articles
For more than three decades, the Federal Reserve has steadily expanded its role in the American economy. From a relatively narrow mandate as a lender of last resort to commercial banks, to inflation and employment targeting, it now operates as a systemic backstop for...

Europe Must Stop Playing Pawn to American Power
by José Niño | Apr 24, 2025 | Featured Articles, Foreign Policy
As the world experiences significant geopolitical changes, political blocs like the European Union have a unique opportunity to chart a new path. Since Russia’s invasion of Ukraine in February 2022, the European Union and its twenty-seven member states have delivered...

Seven Reasons Not to Bomb Iran
by Ted Snider | Apr 23, 2025 | Featured Articles, Foreign Policy
“There are two ways Iran can be handled,” U.S. President Donald Trump has said, “militarily, or you make a deal.” National Security Adviser Mike Waltz advocated for the military solution; Director of National Intelligence Tulsi Gabbard and Vice President JD Vance...

MAGA or ‘Khanservatism’?
by Norman Singleton | Apr 23, 2025 | Economics, Featured Articles
Temu, a Chinese-based online retailer that has been available in the United States since the fall of 2022. Quickly become a leading online retailer, Temu has grown so fast that Bernstein analyst Robin Zhu projects that the site will generate as much as $1.8 billion in...
Our 2002 Redux
by Matt Wolfson | Apr 22, 2025 | Featured Articles, Foreign Policy
In the detention of Mahmoud Khalil and the ensuing crackdown on pro-Palestinian activism by Donald Trump's administration, a recognizable model for governance is emerging. The model is from 2002. During that year, as American citizens were distracted by the aftermath...