FOX commentator Charles Payne recently repeated Pat Buchanan’s old post hoc, ergo propter hoc fallacy (After this, therefore because of this) about tariffs in a Breitbart column. The fallacy goes like this: 1). Economic growth occurred during the post-Civil War period up to the turn of the century. 2). High protectionist tariffs were imposed during the Lincoln …

The banking elites who had long wanted to control money and credit succeeded when they created the Fed in 1913. They claimed it would benefit the little guy — but it was a scam. … Most Americans have little or no idea what “the Fed” is or does, despite the …

Hundreds of Democrat party political hacks who happen to have attended law school for a couple of years have been rewarded for their hackism with appointments as federal district court judges. Armed with lifetime tenure and dressed in spooky looking black robes, they behave like an army of some 700 dictators responsible …

The primary purpose of the federal judiciary is to make sure that anything the federal government does is almost never, ever, ruled to be unconstitutional. This is Hamilton’s constitutional regime. A believer in unlimited government, Alexander Hamilton’s constitutional belief was that the constitution can and should be used as a …

President Trump’s argument for starting an international trade war is based on a socialistic-sounding plea for “fairness” and equality. Some foreign governments plunder their citizens with high tariff taxes on American imports, thereby forcing them to pay higher prices for those or competing domestic goods. The reason they are called …

Ludwig von Mises called the universities of his day “nurseries of socialism” because of the inevitable socialist bias of all government-funded universities. He also said that there is always a remnant of students, however, that does not buy into the endless drumbeat about the alleged wonders of socialism and the “imperfections” of …

In his great classic, Crisis and Leviathan, Robert Higgs explained how Franklin Roosevelt’s attacks on the gold standard ushered in “the age of inflation” that has now robbed generations of Americans through the inflation tax. The explanation begins with the goofy economic theory that was the basis for the first New …

When President Trump recently began calling the Ukrainian dictator a dictator elements of both Left and Right in the Washington establishment became quite indignant over it. After all, he is their poster boy for their beloved “foreign aid.” The Ukrainian constitution allows for the suspension of elections during wartime, shouted …

Now that the US and Israeli military have bombed almost all of Gaza into a smoldering ruin and killed tens or hundreds of thousands of Palestinians, President Trump has proposed getting Jordan and Egypt to house the remaining Palestinians. He has threatened to withdraw US taxpayer “aid” to these countries …

If there is anything we have learned from the American welfare state it is that from the very beginning it created a moral hazard problem whereby paying people for not working incentivizes them to drop out of the workforce and remain impoverished. It’s called “the welfare trap.” Much of so-called …