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Free Market Capitalism v. Crony Capitalism
In the minds of many people around the world, including in the United States, the term “capitalism” carries the idea of unfairness, exploitation, undeserved …
The Bitcoin Billion-Dollar Discount
When you type a website address into a browser, you might have noticed that the letters “http” appear at the front. “HTTP” stands for …
Big Banks Look To Cash In Using D.C.’s Revolving Door
Some people are saying it is just what the doctor ordered. Others are saying that the cure is worse than the disease. The Affordable …
The Only Prescription for a Real Economic Recovery
In 2012, money mandarins running the European Union chose stagnation over restructuring. Here’s a consequence of that choice: expectations for a self-sustaining economic recovery …
Predicting A Future Free Of Dollar Bills
Picture the scene. It’s 2020. You’re at the checkout in a convenience store with a carton of milk. But you’ve got no cash and …
Foreword to The Idea of America
“In the beginning, all the world was America.” — John Locke “The Garden of Eden was a perfect place,” my friend Manuel explained. “Man …
Sensible Vices
One issue I have with our modern lifestyle — of many — is the emphasis on perfection. Newer, slimmer, bigger, better, faster: the message of …
The Family Is A Machine For Destroying Wealth
People jacked up about income inequality can find a new hobby. The 1% are victims of a doomsday machine, and the countdown is ticking. …
Look Who’s Taking Credit for the U.S. Shale Boom
After a week of reckoning about the American oil and gas boom… I’ve got to get something off my chest. I can’t stand it …
The Latest Major Legal Challenge to Obamacare
It might sound like the latest new product from Apple, but IPAB is actually the newest major legal challenge to Obamacare. Recently, a three-judge …
Freedom, the Income Tax, and the Welfare State
Americans have come to believe that the IRS and the income tax are inevitable parts of our lives. After all, most everyone alive today …
The Dollar Will Be King Longer Than You Think
Here’s a fun fact: Although we all hate the U.S. dollar, as it continues to hemorrhage wealth, its foothold as the world’s reserve currency …
The Real Forgotten Man
Franklin Delano Roosevelt famously used the term “forgotten man” in a 1932 speech to describe those at the bottom of the economic pyramid who, …
The Federal Reserve is a Law Unto Itself
“As the nation’s central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central …
Central Banks: Employment Creators or Mega-Hedge Funds
The Keynesian disaster recovery plan has been to lower rates, force people to take more risk in search of yield, and entice others to …
Join 200 Other Wildcatters Plotting a Course for the Baby Bakken
I want to share some insight and give you a front-row seat to America’s next big shale play. Let’s get to it… Over the …
The Challenge of Measuring Obamacare’s Results
In September 2009, when President Obama made a primetime speech pitching his not-yet-passed health care overhaul, he made the following promise: “I will not …
The Painless Way to Pay Off America’s Debts
Whatever your views on the role of government, one thing is clear: There will be no way to pay for it if the economy …
The Next Great American Industry
What if I told you that the march of human progress could be traced in a direct line from the Epicureans of Ancient Greece… …
Why Listening to Economists Is Dangerous for Your Health
According to the Bureau of Labor Statistics, consumer prices are rising at a 2.1% annual rate. This suggests to us that the current stock …
How Progress Happens: The Case of Bitcoin
Real progress happens through real people, ideas, and innovations. Not by legislation argued and debated in Congress. Right now, one of the most influential technologies is changing the way people do business. And reinventing the future in the process.
The Regulatory State Versus Innovators
Innovation can change the world… if the world lets it. Unfortunately, society’s gatekeepers make it a point to constrain, regulate, and control these ideas. But their power is limited, and the power of innovation is too great. Unfortunately for regulators, there are some technologies they can’t control.
The Unraveling of Iraq is Playing Out Just as Dick Cheney Predicted
“Everything is proceeding as I have foreseen.” — Emperor Palpatine, The Return of the Jedi Jon Stewart made great comedic hay during the Bush Administration out …
Tax Exiles Flee America
Entrepreneurs are high-tailing it out of the United States, and it’s the politicians’ fault The U.S. government is driving some of its most productive …