The End of Bretton Woods, Jacques Rueff, and the “Monetary Sin of the West”
August 15, 2021 marks the 50th anniversary of the day President Richard Nixon “closed the gold window,” ending the postwar Bretton Woods international monetary system. It is an appropriate moment to reconsider the internal inconsistencies of the Bretton Woods system.
It’s Time to Abolish the Capital Gains Tax
President Biden’s ridiculously high spending proposals require equally ridiculous tax proposals. Among the craziest proposals is a massive increase in the capital gains tax rate. According to the Tax Foundation, Biden’s proposal would raise the top federal rate on capital
A Myriad of Crises
As she sat in the sun in her Ford Fiesta inching her way through a long line of cars to get fuel, Maria Mussolini tried to while away the time by browsing her phone. After four hours, she still hadn’t
The Old Right on War and Peace
As the force of the New Deal reached its heights, both foreign and domestic, during World War II, a beleaguered and tiny libertarian opposition began to emerge and to formulate its total critique of prevailing trends in America. Unfortunately, the
China Won’t Be Taking Over the World
While the US has its problems, future global Chinese supremacy won’t be one. Far from being in a position of overwhelming strength, China and its Communist leadership face imminent multifront domestic crises that will threaten the existence not only of the Chinese
The Seen and the Unseen of Government R&D
GPS. The internet. Airbags. These wonders of modernity have something in common. Without government, many commentators hold, they wouldn’t exist. And perhaps these voices are right. Take GPS, developed by the Department of Defense to enhance coordination among military units. At first the sole
Cost of the Closet
The United States recognized the rights of the LGBTQ on December 15, 2011. It appointed an independent investigator to protect homosexuals and transgenders from discrimination across all nations. Yet, even in a perpetually changing and adaptable world, there remains a
‘The Rudest Book Ever’: A Book Review
In an enthralling world of multitudinous self-help books, ‘The Rudest Book Ever’ by Shwetabh Gangwar is one of its kind. The author who is an infamous Youtuber, a philosophy thinker, and a professional problem solver, himself discerns his book as
Of Common, Public, and Private Property and the Rationale for Total Privatization
I have three goals. First, I want to clarify the nature and function of private property. Second, I want to clarify the distinction between “common” goods and property and “public” goods and property, and explain the construction error inherent in
Revitalizing a Town Takes a Lot More Than Fixing Up a Few Buildings for a TV Show
Some may have heard of Home Town Takeover, but for those who have not, it’s an HGTV show in which a couple from the town of Laurel, Mississippi, take on renovation projects in the hopes of rejuvenating their hometown and