Who should guard the Fed in the constitutional system of checks and balances?
Senior Fellow Alex Pollock drew my attention to an important quotation by Smedley Butler.
In his State of the Union speech Thursday, President Biden will claim the economy is growing—and that his administration will “crack down” on corporate greed. He will...
David Gordon reviews Paul C. Graham’s Nonsense on Stilts: The Gettysburg Address and Lincoln’s Imaginary Nation, examining Lincoln’s logic and finding it wanting.
As the State continues to grow in power and intrude on the lives of citizens, the states have begun to cling power back from the Federal Government.
Few economists—even the free-market advocates—understand what caused the Great Depression. No, the Fed didn’t cause the Depression by failing to inflate the currency. Instead, it was the...