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Politics

Edwin S. Corwin in The President: Office and Powers, 1878-1957 has argued that the Constitution is a tussle for control between the executive and...

Politics

In the world of private enterprise, business owners pay attention to costs already incurred that cannot be recovered, also known as “sunk costs.” Government...

Politics

The Fed is now hemmed in by a rising risk of stagflation. It doesn‘t know where the economy is headed, or is unwilling to...

Politics

Like presidents before him, Donald Trump is using the IRS as a weapon against organizations he doesn‘t like. Richard Nixon did the same thing—and...

Politics

One of the arguments given in favor of tariffs is that they will enable domestic manufacturers to better compete with producers abroad. While people...

Politics

The principle of Occam‘s Razor states that we should avoid superfluous activity. When it comes to our monetary system, however, the Federal Reserve System...

Politics

Thanks to President Trump‘s brinkmanship, tariffs are in the headlines. However, while the public knows about tariffs, few people actually understand them, their history,...

Politics

Mises explicitly says in that book that Soviet Russia should be allowed to expand in Eastern Europe after World War II ends, in order...

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