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In the world of private enterprise, business owners pay attention to costs already incurred that cannot be recovered, also known as “sunk costs.” Government...

World News

The Fed is now hemmed in by a rising risk of stagflation. It doesn‘t know where the economy is headed, or is unwilling to...

World News

Like presidents before him, Donald Trump is using the IRS as a weapon against organizations he doesn‘t like. Richard Nixon did the same thing—and...

World News

Lately, James Lindsay has burned much of his credibility in attacking largely non-interventionist right-wingers as “Woke Right.”

World News

We spend very little time and effort learning about what the hundreds of government agencies are doing. Agencies like the Fed exist to exercise...

World News

We’ve just released the first two video lectures in Jonathan Newman’s new online course based on Dr. Murphy’s Lessons For the Young Economist, on...

World News

Totalitarian bureaucracy necessitates a constant state of crisis and there is no better creator of crises than imperial machinations.

World News

While monetary authorities and the government claim that they are “fighting inflation,” the truth is that inflation is an important tool for political and...







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