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During the Trump administration, I pointed to a problem with the American presidential system: it provides presidents with essentially unchecked power when it comes to launching a nuclear holocaust. Presidents can initiate nuclear war whenever they like.…

If Donald Trump were not (alas) so ignorant, he would envy the quality of Joe Biden’s inaugural speech pronounced earlier today. But there is a deep question to ask: Why are political rulers so insistent…

Last year, the Fed announced a policy termed “flexible average inflation targeting.” The basic idea is that the Fed commits to insuring that PCE inflation will average roughly 2% over an extended period of time,…

Bill Allen RIP

Last week, Don Boudreaux over at CafeHayek did a nice appreciation of William R. Allen, co-author, with Armen Alchian, of the excellent University Economics textbook. Allen died last week, only a few months before his…

With the mainstream media still obsessing about the January 6th “violent coup attempt” at the US Capitol Building, the incoming Biden Administration looks to be chock full of actual purveyors of violent coups. Don’t look…

Paraphrasing the late Murray Rothbard, the "two party" system in America during the twentieth century worked something like this: Democrats engineered the Great Leaps Forward, and Republicans consolidated the gains. Wilson, Roosevelt, and Johnson were the…