The Street of the Palaces
[In this 1836 editorial, William Leggett laments how Wall Street and the “privileged” orders of the American upper class employ the
The Economic Nationalists Are Wrong: Free Trade Means
Recently, I had the pleasure of attending a debate about the morality of capitalism between James Otteson and Michael Anton,
Individualism in the US Has Helped Make It
Immigration has raised concerns in some about America’s demographic future. Some propose that an influx of migrants with foreign worldviews
Higher Corporate Profit Margins Aren’t Causing Inflation
It is hard to ignore the headlines about US corporate profit margins stabilizing at their highest level in decades. This
Republicans Fail on the Debt Ceiling in 2023
The United States House of Representatives’ passage of the Limit, Save, Grow Act of 2023 is a big Republican failure
The Bankruptcy Caravan Is Now Arriving: Time to
The character Mike Campbell in Ernest Hemingway’s 1926 novel The Sun Also Rises was asked about his money troubles and
“Trans Rights” Means Trans Entitlements and the End
A “civil society” is a community of individuals who are linked together by common interests and activities. Common interests include
Where Is That Darn Recession?
Mark takes a look at all the wrong predictions of recession in recent years, including those of Austrian School economists.
Can We Protect Ourselves from Inflation?
Rulers found out early on that they could debase gold and silver coins for their own gain. As a consequence,
As Interest Rates Rise, the Era of “Deficits
Back in 2002, then-Vice President Dick Cheney claimed “Reagan proved deficits don’t matter” and went on to push for tax