Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others. Original Article: Does the Balance of Payments Determine Exchange Rates?

In 2022, Michigan Gov. Gretchen Whitmer used political favors and government grants to maneuver thousands of workers into jobs producing electric trucks. But consumers aren’t interested. Original Article: How Governor Whitmer Doomed Detroit Autoworkers

Another Pentagon audit, another massive failure. But the Pentagon's problems are not just simple accounting. They reflect the reality of an unaccountable rogue empire that tries to prop up the US empire. Original Article: What Can We Learn from the Latest Pentagon

School choice would seem to have benefits, but as Thomas Sowell says: “There are no solutions. There are only trade-offs.” Enthusiastic “school choice” proponents forget that with government money comes government control. Original Article: The Double-Edged Sword of School Choice

Seizure fever is toxifying law enforcement across the nation. For more than thirty years, federal, state, and local government agencies have plundered citizens on practically any harebrained accusation or pretext. You could be at risk of being pilfered by officialdom anytime

[A selection from Left and Right: A Journal of Libertarian Thought, Spring-Autumn 1967.] The chronic Middle East crisis goes back – as do many crises – to World War I. The British, in return for mobilizing the Arab peoples against their oppressors

There are many arguments against secession. Some of them are quite prudent, such as those that simply contend that national separation may not be a good idea at this time.  Many others are premised on the refusal to acknowledge the human right

In this week's episode, Mark looks at the type information that investors need, but do not have. These anti-wild cards are going to appear in the economy, but no one really knows what, where, or when. Mark looks back at some historical examples. See also Surprised

In Freedom and the Law, Bruno Leoni argues that the main threat to liberty comes not from overweening officials but from the law that empowers them. As Murray Rothbard puts it, “The real and underlying menace to individual freedom is

Christianity Today magazine, founded by Billy Graham, chose Christopher Watkin’s book, Biblical Critical Theory: How the Bible’s Unfolding Story Makes Sense of Modern Life and Culture, as one of its 2024 Book Awards and the book most likely “to shape