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It is trivial to say that any cardinal number can be added to another to answer the question of “how many” or “how much” of something there is. The trick lies in teasing some relevance…
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,…
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…
A common conception is that the central bank is a key factor in the determination of interest rates. In this way of thinking, the key role of the central bank is to make sure that…
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…
When it comes to talk about secession, the strategy employed by most Washington politicians is to shrug it off, claim it’s all the plotting of extremists, and retreat to the comfort of the idea that the…