Why Obama Failed

In a recent campaign speech, Obama said: “See, the question is not whether things will get better — they always do… The question is whether together, we can muster the will — in our own lives, in our common institutions, in our politics — to...

Sharia Law and The “Right” to Violate Rights

Kansas Governor Sam Brownback signed a bill aimed at keeping state courts and agencies from using Islamic or other non-U.S. laws when making decisions, his office said on Friday. The bill doesn’t specifically mention Shariah law, which broadly refers to codes...

Free Banking and Economic Development, Part 2

When Adam Smith first drew attention to the benefits of fractional-reserve banking, those benefits were but a glimmer of far more impressive gains to come. In 1776, the year of the appearance of Smith’s Wealth of Nations, Scotland had only 10 note-issuing banks, the...

How About a Union for Business Owners?

Most people look at “business” as something separate from everything else in life, and at best, a necessary evil. Something you have to do. Or a way to make money—in a practical, but never creative, artistic or (perish the thought) moral way. In today’s political...

Germany Faces Political Isolation

One month ago it appeared that Germany held the whip hand in its titanic struggle against those seeking to cure all economic ills with the snake oil of currency debasement. Now, it appears that the ground beneath its feet is being swept away in a flood of popular...

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