Calhoun emphasized the principle that the states were sovereign and independent and not merely the creation of the federal government.
World News
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If devaluing the currency was a real measure of competitiveness, Argentina and Venezuela would be the most competitive nations on the planet.
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Frederic Bastiat is an often unsung hero of 19th Century economic thought. His lessons on freedom and trade are timeless and what he wrote nearly two centuries ago is still…
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Modern politics does not produce people of character and certainly there are few, if any, statesmen left on the scene. John C. Calhoun was an exception and his principled stands…
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In May 2025, the Mises Institute will hold its next Mises Book Club, a program that promotes deep reading in Austrian economics.
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If devaluing the currency was a real measure of competitiveness, Argentina and Venezuela would be the most competitive nations on the planet.
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President Trump‘s recent assertions that the Fed should lower the discount rate puts him squarely in the middle of Fed politics and exposes the messy truth that the Fed is…
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In The General Theory, J.M. Keynes allegedly “discredited” Say‘s Law. Of course, Keynes actually debunked a straw man that was a caricature of what Say actually wrote. It‘s time to…
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Jonathan Newman joins Bob to explore the archaeological evidence for silver as money in ancient Mesopotamia, challenging Modern Monetary Theory and affirming Menger’s classic account of money’s market origins.