The socialists who have been taking over the Democratic Party lately have a problem—the state and local jurisdictions where they are able to seize power still have to compete with rival jurisdictions that are still relatively friendly to...
When it comes to production, capitalism and socialism are often presented as constituting extremes of a spectrum of economic organization, where control over the means of production is either entirely in the hands of profit-seeking private...
On February 2, the Trump administration announced a plan—dubbed “Project Vault”—to spend $12 billion (funded mainly by borrowing almost all of the US Export-Import Bank’s available capital) to create a “critical” minerals stockpile.
One of Ludwig von Mises’s brilliant achievements was his elucidation of Austrian Business Cycle Theory (ABCT) in his great 1912 work The Theory of Money and Credit. Mises expanded upon preexisting Austrian capital theory, which stresses...
With the fiat US dollar price of gold multiplied 2.6x since October of 2022 (as of October 20, 2025 when this was written) and rising exponentially (Figure 1), some people are deeply worried that something is seriously wrong with the...
Back in late June when the Senate signed off on President Trump’s legislation to alter federal spending priorities while keeping deficits stuck in the multi-trillion dollar (teradollar) range—The One Bloated Brobdingnian Bill (BBB)—the...