This last weekend, the Mises Caucus, a coalition within the Libertarian Party, was elected to all national positions within the party. For some, Mises control caused consternation: Aaron Ross Powell is a research fellow at the Cato Institute, a premier libertarian...
One of the most significant (and often abused) clauses in the U.S. Constitution is the “Necessary and Proper” Clause. The clause states: “The Congress shall have Power… To make all Laws which shall be necessary and proper for carrying into Execution the foregoing...
One of the stranger narratives coming out of the controversy over Disney's "special district" in Florida is the notion that Disney's Florida property is some sort of truly independent self-governing entity operating without government oversight. Most claims in this...
Social Security is the compulsory government retirement program Americans are required to pay into for as long as they are employed. All revenue which is used to pay for Social Security is acquired through payroll taxes. More specifically, it is acquired through...
One of the most abused words in English is privilege. Observe how indiscriminately this word is spoken and written. For example, in some quarters, all straight white men -- without exception -- are said to be privileged, which seems absurd. Practically all we hear...
Since the first assault on Turkey’s finances in 2018, which I wrote about multiple times (here, here, and here), I’ve been the lone voice telling everyone that President Recep Tayyip Erdogan is a lunatic but he’s a lunatic with a plan. That plan is to de-dollarize the...
James Madison warned us about the costs of war. War comes with an extremely high price tag. According to the Cost of War Project by the Watson Institute at Brown University, the U.S. spent $2.26 trillion on the war in Afghanistan alone. That comes to over $300 million...
I have always had a bad attitude toward official secrets regardless of who is keeping them. That prejudice and John Kenneth Galbraith are to blame for an unauthorized withdrawal I made from the World Bank. When I lived in Boston in the late 1970s, I paid $25 to attend...
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