According to the St. Louis Fed, there are three functions of money. First, as a store of value. Second, as a unit of account. Finally, as a medium of exchange. The enumeration of these functions represents an attempt to present money and the banking system as...
Throughout its history, liberalism—the ideology today called “classical liberalism” or “libertarianism”—has suffered from the impression that it is primarily against things. This is not entirely wrong. Historically, liberalism coalesced as a recognizable and coherent...
New York Times Technology writer David Streitfeld recently examined the role the Federal Reserve’s easy money policies played in the rise and, if not fall then at least slippage, of many technology companies. Immediately after the bursting of the housing bubble (which...
On Thursday the The New York Times ran yet another report about Saudi Arabia’s entry into an “Abraham Accord,” but if only certain conditions could be met. It quoted longtime Israel lobby heavyweight Martin Indyk and reported on the American Israel Public Affairs...
Until it happened, it was unthinkable. The United States has for decades guarded its role as the sole negotiator in the Middle East. It has insisted on being the chief arbiter of agreements and the architect and decider of partnerships. But on March 10, China emerged...
The House Subcommittee on the Weaponization of the Federal Government held a hearing last Thursday on the Twitter Files. Elon Musk purchased Twitter last October and was aghast to learn how the feds had previously domineered his new company. “Twitter is both a social...
Download Episode. Scott is joined by Jim Bovard to discuss two articles he recently published. The first marked the 30-year anniversary of the World Trade Center bombing of 1993. Scott and Bovard talk about what the FBI knew before the attack. Next they discuss...
US News Congress passed a law that gives defense contractors special inflation relief. Responsible Statecraft A bipartisan group of senators has introduced a bill that would lift the embargo on Cuba to facilitate trade while maintaining other sanctions on the Cuban...
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