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America's Old Republic Disappeared a Long Time Ago

Ryan McMaken points out that the American "great experiment" failed many decades ago. In fact, the current republic we call "the United States" is cl…

4 weeks, 1 day ago

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The Two Economies

As I see it now, there are really two economies—two distinct systems of producing and exchanging wealth. Or rather, two systems that purport to do th…

4 weeks, 1 day ago

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The Public Goods Circular Argument

Public goods theory often assumes what it seeks to establish, namely, that the state is the indispensable precondition of production, even though the…

4 weeks, 2 days ago

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When Our Word is No Longer Good

The White House leaks that a deal is almost done. Markets surge. Insiders profit. The deal collapses. Repeat. Now the markets barely move. Nobody bel…

4 weeks, 2 days ago

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Democracy's Road to Tyranny

The popular pastime of modern democracies of punishing the diligent and thrifty, while rewarding the lazy, improvident, and unthrifty, is cultivated …

4 weeks, 2 days ago

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The Big Apple’s Woes Are Not Just the Result of One Election

Mamdani’s election is not the cause of economic decline. Instead, New York City’s slide into chaos has been ongoing for many years, and Mamdani promi…

4 weeks, 2 days ago

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Murray Rothbard on War and "Isolationism"

Remembering Murray Rothbard on our imperialistic wars: "The true principle of isolationism is that the government should be isolated and people who t…

1 month ago

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Price Inflation Is Getting Worse

Even the federal government's official data shows that price growth is well above the Federal Reserve's two-percent target. In fact, price inflation …

1 month ago

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War, Easy Money, and the Working-Class Squeeze

Episode 170

Mark Thornton replays his wide-ranging Kitco News interview with Jeremy Szafron, connecting today’s “two economies” to Ludwig von Mises’s Austrian bu…

1 month ago

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The US Constitution Is Now a Suicide Pact

Historically, many sovereign states have granted separatist cultural and ideological groups political autonomy as a means of avoiding full secession.…

1 month ago

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