2023 – Page 137 – The Investment Vault

Joe Biden: Culture‐Warrior‐in‐Chief

Gene Healy Last week, the New York Times ran a front-page story admiring President Biden’s political acumen on culture-war issues (“Biden Sidesteps Any Notion That He’s a 'Flaming Woke Warrior'”, NYT, July 4, 2023). You’ve got to hand it to him, apparently: Biden has “deftly avoided

Misreading Mill

Patrick Deneen writes that the nonaggression principle promotes a liberalism that is harmful to society, as evidenced by John Stuart Mill's idea of the tyranny of public opinion. Original Article: "Misreading Mill"

The Road to a Single Fiat World Currency

[This article is a selection from the March-April issue of The Austrian.] What if the world’s states were to come together and create a single world currency? From a purely economic point of view, there would be significant advantages if every nation didn’t operate with its

Is Secondhand Smoke Bad, or Is It a Public Good? It’s Complicated

Murray Rothbard once proposed: Quick: Which is America’s Most Persecuted Minority? No, you’re wrong. . . . All right, consider this: Which group has been increasingly illegalized, shamed and denigrated first by the Establishment, and then, following its lead, by society at large? Which group, far from coming out

Another Athlete Chooses a Low‐Tax State

David Boaz I’ve written before about whether athletes take state taxes into account when they weigh competing offers. Here’s another example: Grant Williams left the Boston Celtics for the Dallas Mavericks, at least partly because of Massachusetts’ Millionaire’s Tax: Testing the market worked out for Williams, who

The G7 in Hiroshima: The Latest Attempt to Impose a Unipolar World

It's fitting that the G7 recently met in Hiroshima because the policies they are following are blowing up the world economy. Original Article: "The G7 in Hiroshima: The Latest Attempt to Impose a Unipolar World"

Some Simple Facts about U.S. Government Debt

Romina Boccia The U.S. government budget is characterized by vast sums that are too abstract for most people to easily comprehend. This fact sheet translates the billions and trillions in government budget figures into terms that non‐experts can more directly relate to. The goal is to

What Does Financial Privacy Mean for Liberty?

Nicholas Anthony The Cato Institute’s mission is to originate, disseminate, and advance solutions based on the principles of individual liberty, limited government, free markets, and peace. Within the Center for Monetary and Financial Alternatives, we narrow that scope to the realm of monetary and financial policy.

Australians and Septic Tank Yanks

Paul Matzko This global public opinion poll asking respondents whether they have a favorable view of the USA has been bouncing around the interwebs. The topline finding — the