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The President Goes to War

Of course the president, like everyone, frequently protests his desire for peace. Everyone does this. And I think we may assume he is quite sincere a…

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How Antitrust Populists Drove Spirit Airlines Out of Business

Antitrust populists claimed blocking the Spirit–JetBlue merger would protect competition and consumers. But their effort led to an intervention that …

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The MBS Slope n’ Swap

If executed perfectly, this swap allows the Fed to neutralize a shrinking money supply by swapping $2 trillion in mortgages for $2 trillion in govern…

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Fukuyama Was Wrong; History Did Not End

Francis Fukuyama wrote The End of History more than 30 years ago, believing that the fall of the communist bloc would lead to a more peaceful world. …

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Vote Harder? Why Secession Is the Only Answer to the American Megastate

The populist “victory” of the Trump administration is perhaps the best evidence yet that a strategy of “vote harder” is simply not going to lead to a…

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Is Libertarianism Incoherent?

Philosopher Matt Zwolinski has declared libertarianism to lack any coherent standards. Zwolinski’s confusion is the result of his rejection of libert…

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When the Federal Government Subsidized Robberies

The government created a market for stolen goods, paid criminals cash for five months, watched robberies spike, arrested everyone at a mafia-themed p…

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The Justice Department Indicts the Ministry of Love

The recent DOJ indictment of the Southern Poverty Law Center might be controversial, but what is not controversial is that the SPLC engaged in conduc…

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The Precious Paper Problem: The Divergence in Western Bullion Markets

Gold markets have been volatile, to put it mildly, and the drama isn’t over. Unfortunately, governments are so involved in the gold markets that true…

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