For Shakespeare, the story of the Roman Republic is a tragedy. Like one of its heroes, the Republic was eventually destroyed by its own success.
Decentralization and SecessionTaxes and Spending
With welfare, the US outspends Canada and Australia, and is on a par with Switzerland. On government healthcare, the US outspends nearly everyone.
Booms and BustsThe FedGlobal EconomyBusiness CyclesPrices
Here are two ways to gauge the strength of the world economy.
Money and BanksMoney and Banking
The new Fed Chief Powell was optimistic at Congressional hearings this week. But he may have inherited a quickly-expiring boom.
Today would have been Murray Rothbard's 92nd birthday.
Legal SystemU.S. History
Schools aren't like they were when we were kids. Schools are safer.
History of the Austrian School of EconomicsOther Schools of Thought
The debate on method between Menger and Schmoller was useful for the clarification of the differences between theoretical and applied economic research.
Taxes and SpendingU.S. Economy
It’s time to address the budget in a comprehensive fashion.
U.S. HistoryWar and Foreign Policy
The US government was not involved in these early attempts by Americans to seize control of neighboring countries. But the imperialist impulse was the same.