The Shot Heard ’Round the World

American and European intellectuals had been comparing the merits of a hypothetical world based on equality, reason and nature to the world in which they lived — based on habit, custom and superstition. The American Revolution tested their theories in the real world.

How Richard Nixon Wrecked Free Trade

With the capacity to print forever, the US could fund its empire, fund its welfare state, fund its gigantic budget, fund its military, and all without bothering with actually doing much of anything beyond sitting behind screens. 

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