The U.S. Court of Appeals' rejection last week of the Trump administration's global "emergency" tariff program was a welcome affirmation of the separation-of-powers doctrine. Next stop: the U.S. Supreme Court. I'm keeping my fingers crossed for a 9-0 ruling that Trump...
With U.S. gross debt now at a staggering $37 trillion—roughly equivalent to the combined debt of all other major advanced economies—Washington is trapped in a fiscal doom loop of its own making. Decades of bipartisan overspending have pushed the nation to a point...
“Capitalism is killing the planet—it’s time to stop buying into our own destruction.”- The Guardian The more disordered modern society becomes the more loudly we hear a common diagnosis: capitalism wanted this. Blaming capitalism has long been the status quo for the...
If self-described progressives decry anything more fiercely than poverty, it is income and wealth inequality. Some have even suggested that they would prefer low-income equality to inequality, regardless of how affluent the lowest level was. What counts is the gap....
"Poverty has no causes; prosperity has many. As history attests, poverty is humanity’s default condition.... But prosperity is not natural; it does not just happen." —Phil Gramm and Donald J. Boudreaux To hear some people tell it, America is in the grip of a vast...
The same cohort of Democrats who championed the slogan “save democracy” this past year, fresh from having their national party tank the process of "fair" primaries for the third presidential election in a row, are now in a snit over Donald Trump trying to impair the...
Among a certain species of “critical” historian, it is an article of faith that Europe’s remarkable economic ascent was built not on its institutions, not on liberty, not on commerce, but on the systematic looting of the rest of the world. In this telling—descended...
Recent polls indicate that many people under 30 view socialism and communism favorably. (For Marx, those words were synonyms.) It seems that socialism and communism are "in." What's going on? A self-described "democratic socialist," Zohran Mamdani, won the Democratic...
