PARTNER SITES

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Turkey’s Position on ISIL Misunderstood

It is tempting for Western observers to view Turkey’s reluctance to join the fight as a mark of disloyalty to NATO and as a sign that the alliance is mostly about convenience. This view may be too simplistic.

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Why is the Gold Standard Urgent?

After President Nixon’s gold default in 1971, many people advocated a return to the gold standard. One argument has been repeated: consumer prices are rising. While this is true, it wasn’t compelling in the 1970’s and it certainly doesn’t fire people up today. Rising prices—what most people think of as inflation—is a dead-end, politically. People […]

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Portrait of a Psychopath

What makes Islamic terrorists tick? Why do jihadists emulate Mohammad in thought, word and deed? Why is he their supreme model? It’s not a pretty picture.

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The Wrong Idea About Inflation

I write often about inflation, and often emphasize that it is not about rising prices. It is important that we define our concepts correctly. Inflation is monetary counterfeiting. Here is a quick graph I made to underscore the point that although the quantity of dollars may be rising, crude oil is falling. I was making two points. […]

Poverty

Left free, the market will provide the greatest benefit to workers, employers and consumers, while allowing charity as well.