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The modern state, unlike the medieval monarchy, does not merely tax to sustain itself or to defend the nation. It...

A Gallup survey taken in March this year found only 46% of Americans expressed support for Israel (the lowest level...

These subsidies exemplify crony capitalism. The Austrian School of economics defines any subsidy as government intervention in the functioning of...

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central...

Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what...

Mark Thornton digs into the gold-silver ratio—its wild swings, its history, and what it might mean for investors and the...

Mark Thornton digs into the gold-silver ratio—its wild swings, its history, and what it might mean for investors and the...

The late P.T. Bauer provided much insight into the issue of the so-called First World sending aid to Third World...

The blackout in Spain was not caused by a cyberattack but by the worst possible attack—that of politicians against their...

The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but...