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As war drums beat again, this time against Iran, we ask ourselves if recklessness from Donald Trump and European and Israeli leaders is pushing...
Milton Friedman and others tried to explain interest rates using liquidity, economic activity, and inflation expectations. These things, however, only describe interest but do...
“Humanitarian intervention” sells itself as a moral shortcut: bypass the messy politics, send in the troops, stop the monster.
The Supreme Court will deliberate on the legality of Trump’s effort to dismiss Fed Governor Lisa Cook.
Although some scholars have labeled the early Ming Dynasty as a proto-liberal state, they are mistaken. The Ming governance at that time was weak,...
Hyperinflation has been a scourge throughout history. Professor Mark Thornton has found even more episodes of hyperinflation that have happened over the past several...