The Washington Naval Treaty is usually treated, when mentioned at all by historians, as an unmitigated failure, but—although he says this in the most pianissimo tones—I think John Jordan’s Warships After Washington: The Development of the Five Major Fleets,...
In a recent interview with Nathan Goodman of the Mercatus Center at George Mason University, Professor Michael Clemens, a GMU specialist in migration economics, put forth "a strange and striking fact about the world economy." A lower-skilled person's location in the...
With Jerome Powell and the Federal Reserve beginning a cutting cycle, it is worth revisiting why the Feds manipulation of interest rates is not a harmless (if misguided) technocratic tool for attempting to “fine-tune” the economy, but is instead a source of deep...
Under a democratic state, your money can be likened to a piece of bread thrown into a pond where fish from both the left and right nibble away. Your money and rights are fought over and consumed in ways you did not consent to. In modern governmental systems, the tax...
Libertarians frequently note the incoherence of American and Israeli foreign policy. Nowhere is this more apparent than with respect to American and Israeli relations with Iran over the last seventy-five years. Last June, the United States and Israel bombed Iran on...
“We candlemakers are suffering from the unfair competition of a foreign rival, whose production costs are so low that he floods our market with light at a price far below ours…This rival is none other than the sun.”- Frédéric Bastiat, Economic Sophisms (1845) Frédéric...
On Monday, September 22, the current president of Syria, Ahmed al-Sharaa, joined the former director of the Central Intelligence Agency (CIA), David Petraeus, on stage for a discussion at the Concordia Annual Summit in New York City. The summit is one of the most...
Spain, long seen as a loyal NATO ally, is now carving out a path that could make it the West’s most unexpected rebel. Since 2023, the Spanish government under the leadership of Prime Minister Pedro Sánchez has pursued an increasingly independent course that directly...
