If the voting taxpayers (those who actually pay the bills) are outnumbered or outcompeted by the tax receivers, then national bankruptcy is the most likely outcome.
Latest News
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President Donald Trump’s tone on Ukraine has softened dramatically in recent weeks, from tough talk aimed to pressure Russian President Vladimir Putin last month to a more hands-off approach. After…
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House Republicans are in preliminary discussions on a healthcare package, as Obamacare continues to be the central sticking point in the ongoing government shutdown. Speaker Mike Johnson, R-La., said on…
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Politics
Ultra-Orthodox protesters in Jerusalem rally over Israel’s draft exemption as clashes break out
An estimated 200,000 Ultra-Orthodox protesters converged on Jerusalem Thursday, opposing the country’s military draft, resulting in dozens of injuries during confrontations with the police. Israel’s emergency service Magen David Adom…
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Much of mainstream economics holds to the Efficient Market Hypothesis (EMH), which is built on highly unrealistic foundations. The Austrian causal-realist approach has more explanatory power.
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Some lawmakers are getting anxious to fund key programs and pay federal workers as the shutdown drags on, but even so, most Senate Republicans argue that the best way to…
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Editor's PickInvesting
Digging Deeper into School Resource Officers: School Shootings in American Culture
Kayla Susalla In the wake of several devastating and highly publicized school shootings over the past year, the new book School Shootings in American Culture, by psychologist Lisa Ross, offers…
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Editor's PickInvesting
Contra White House Claims, Removing IEEPA Tariffs Won’t Spark a Financial Crisis
Colin Grabow Ahead of the Supreme Court’s ruling on whether the president can impose tariffs under the International Economic Emergency Powers Act (IEEPA)—oral arguments for which begin today—the administration has…
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Kyle Handley The US Supreme Court will soon decide whether the president can use the International Emergency Economic Powers Act (IEEPA) to impose tariffs on imports from dozens of countries.…
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Chris Edwards Air traffic control (ATC) is becoming air traffic “chaos,” as Transportation Secretary Sean Duffy warned on October 4. As employees of the Federal Aviation Administration (FAA), air traffic…
