A “New” Book of Essays by William Graham Sumner
"The state is the greatest monopoly of all; it can brook no rival or colleague in
Robert Kagan Goes on a Tear
Robert Kagan of the Brookings Institute clearly does not like anyone to challenge his pro-war beliefs.
MMT and Boiling Frogs
As much as its proponents brandish accounting tautologies and purely descriptive claims about government finance, in
Full-Time Jobs Fall Again as Total Employment Flatlines in April
Since early 2023, full-time jobs have flatlined while part-time jobs have grown. Meanwhile, total number of
What Can Carl Menger Teach Us about Falafel Sandwiches?
What better way to explain the relationship between higher-order and lower-order goods than with food? Here,
Biden Perpetuates Washington’s Idiotic Steel Trade Policies
Biden has embraced the trade war. But, if protectionism actually produced competitiveness, American steel manufacturers would
The Federal Reserve’s Capital Has Now Plummeted to Negative $121 Billion
The Fed presumably has an “implied guaranty” from the Treasury, but it seems certain that Congress
Are Profits the Outcome of Exploitation or Successful Entrepreneurship?
Progressives claim that profits are an unjust transfer of wealth from the poor to the rich.
Free-Market Profit Comes From Voluntary Exchange, not Exploitation
Progressives claim that profits are an unjust transfer of wealth from the poor to the rich.