One popular critique of bitcoin is energy cost per transaction. This doesn’t begin to capture bitcoin’s massive energy savings compared to fiat currency. Bitcoin’s cost per transaction is well known, and often critiqued; one article in Wired magazine called bitcoin “[a] big middle

[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in 2021.] The “yield curve” refers to a graph showing the relationship between the maturity length of bonds—such as one month,

La verità, vi prego, sul neo-liberismo: Il poco che c'è, il tanto che manca (The truth, please, on neoliberalism)by Alberto MingardiMarsilio, 2019333 pages There are few things nowadays that ignite more hatred, especially within university campuses, than declaring oneself to be

The reality of federal spending under Donald Trump did much to put to rest the obviously wrong and long-disproved notion that Republicans are the political party of “fiscal responsibility.” With George W. Bush and Ronald Reagan, it was pretty much

“You are hitting the nail with too many hammers.” I can still remember Bob Clower, my dissertation chairman at the time, saying that to me after reading my most recent work. It was directed at the fact that I had

One argument against the idea of technological unemployment, offered by many people who today sincerely style themselves as leading defenders of the free market, goes that automation will create more jobs than it destroys but due to the nature of

This year is the 200th anniversary of the publication of one of the best American books on trade policy by one of the most thoughtful and least appreciated political analysts of the Founding Fathers era. I ran into John Taylor of

Many readers will be familiar with Robert Paul Wolff’s In Defense of Anarchism, a brilliant criticism of the state’s authority that arrives at conclusions similar to those of Lysander Spooner. Wolff is probably best known for his work on Kant,

In light of the government’s response to the January 6 storming of the Capitol, anyone with a sense of political sanity can no longer argue that the war on terror is separate from American domestic affairs. US imperialism came full circle on

1. Cannabis and Cannabidiol Cultivated almost globally due to its easy adaptation, Cannabis sativa plants hold over one hundred identified compounds called cannabinoids. However, it is not the only species of the Cannabis genus. There are also Cannabis indica, a species