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.

Javier Milei is trying to undo the damage created by nearly a century of socialism in Argentina. Mises, Rothbard, and Hayek were good teachers.

There will be life after Trump one way or another, but in the long run, it seems as though the ruling party always wins.

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.

While South Africa’s political authorities pursue genocide accusations against other countries, those same leaders are destroying the nation’s economy and basic infrastructure. This is a failed state.

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.

The “One-China” policy assumes Taiwan to be a runaway province. The people of Taiwan, however, see their country as sovereign, and their reasons have merit.

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.

What will the next wild card be? Mark looks back at some historical examples.

Dave Smith makes the Rothbardian/Hoppean case for government restriction on immigration, arguing that it's a second-best solution given the undeniable fact of government control of "public" property.