Editor's Pick
Molly Nixon The Constitution’s framers recognized that the pardon power was liable to abuse, but they rejected proposed constraints on it—trusting, as Alexander Hamilton...
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Politics
Even the federal government’s official data shows that price growth is well above the Federal Reserve’s two-percent target. In fact, price inflation is now...
Politics
Murray Rothbard famously asked Cui bono? to help unearth government scandals. Kenya’s politicians certainly benefitted from the Eurobond affair.
Politics
Ludwig von Mises had many insights about immigration. As one might expect, he foresaw problems with open borders, but also believed immigration could benefit...
Politics
Record-low consumer confidence and record-strong corporate earnings aren’t a paradox: they’re the Cantillon effect in real time. Mark Thornton explains who inflation rewards, who...
Editor's Pick
Walter Olson President Donald Trump’s attempt to engineer a $1.8 billion taxpayer-funded slush fund for those in legal trouble for promoting his interests, as...
Editor's Pick
David J. Bier The Department of Homeland Security (DHS) announced Friday that it will cease granting green card applications except in extraordinary circumstances. In...
Editor's Pick
Thomas A. Berry and Alexander Xenos The government must be neutral when it sets rules for what private citizens may say, but the government...
Politics
Social contract theory was used to critique a form of the state, but was also used to legitimize the modern nation-state.
Editor's Pick
Jai Kedia and Norbert J. Michel Kevin Warsh was sworn in as the new Federal Reserve chair today. He has described his goal as...
Politics
Zohran Mamdani’s proposal reflects a growing belief that economic problems can be solved through public ownership and political management. But a grocery store is...
Editor's Pick
Nicholas Anthony Following my testimony before the House Committee on Financial Services, I want to share what I said during my opening remarks. For my...
Politics
We know that Q-Day is coming upon us when AI moves to another level and humans must make the adjustments. State-sponsored solutions will fail,...
Politics
Ryan McMaken takes a look at Rothbard’s seminal 1963 essay “War, Peace, and the State.”
Politics
The US fiat monetary regime not only has given us inflation and boom-and-bust cycles, but it also is the main contributor to the out-of-control...
Editor's Pick
Jeffrey Miron The One Laptop Per Child program was supposed to bridge the digital divide for children in developing countries. To assess the long-term...