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Politics

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

Politics

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...

Politics

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...

Politics

President Trump claims that tariffs built American wealth. The truth is that tariffs cannot build wealth at all, only destroy it.

Politics

The breakdown of the freedom of association, especially in the form of anti-discrimination law, is a main reason why social acrimony has so increased...