Contrary to popular opinion, bank capital is not a reserve to cover potential losses. In fact, even the ill-fated Silicon Valley Bank had adequate bank capital before it collapsed.

While the ruling elites decry populism, what they don't say is that populism has arisen precisely because the ruling classes have done everything they could to diminish freedom.

Being able to ladle out millions (or billions) in taxpayer dollars to the moneyed classes was always the pipe dream of Alexander Hamilton (and his political heirs like Henry Clay and Abraham Lincoln).

California’s draconian fast-food minimum wage law is bad enough, but it turns out a company can avoid the trouble if it has ties to the governor.

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Since August 2023, total part-time jobs has increased by 1.4 million. During the same period, full-time jobs fell by more than 1.3 million.

For the past fifty years, Nigeria’s government has required young people to “serve” for a year under the National Youth Service Corp. This more resembles slavery than service.

A strategy for liberty must be both optimistic and realistic. Murray Rothbard understood that important point and laid out strategies and their moral justification.

What happens when war shuts down the Strait of Hormuz? What about the Panama Canal, the Suez Canal, and Baltimore harbor?