Russia’s Ministry of Defense announced Valery Gerasimov would take over as chief of military operations in Ukraine. General Sergei Surovikin was replaced as commander of forces after three months in the post. On Wednesday, Russia’s Defense Minister Sergey Shoigu...
Capitalism is a social technology that directs resources toward valuable uses, increasing the total wealth in society. As a social technology, it organizes people and resources into systems and processes. When capitalism directs resources toward processes that...
The personal savings rate is near seventeen-year lows. Credit card debt is at record levels. Millions of prime-age workers have quit the job market, and full-time employment continues to wither. On the other hand, the Biden Administration wants you to think things...
The North Atlantic Treaty Organization and the European Union announced a new cooperation pact on Tuesday. The chief of the EU said the agreement was made to counter threats from Russia and China. NATO Secretary General Jens Stoltenberg explained the pact will take...
The Department of Defense is set to begin construction on a new naval base in the Pacific-island nation of Palau, with a private contractor awarded more than $100 million for the installation, which will house a new advanced radar system.
The State Department on Thursday rejected Russian President Vladimir Putin’s order for a unilateral ceasefire in Ukraine for Orthodox Christmas, which is celebrated on January 7, as a “cynical ploy.”
After over 10 months of fighting between Russian and Ukrainian forces, there’s no sign that 2023 will bring peace to Ukraine as the warring parties have radically different demands, and the U.S. continues to escalate aid for Kyiv and its role in the war. Ukrainian...
What is economics and why do we care about it? The economy is what we do and why we do it. Reality introduces scarcity to that equation, and competition results. Our desires and values translate into actions, and competition translates those actions into strategies...
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