Because of interest rate increases, the true market value of the Fed’s assets is far less than their book value—a shortfall of about $1 trillion.

Politicians will invoke the venerable just war theory when they believe they can manipulate the facts in their favor. In truth, it is the rare government that engages in a justified conflict.

We are seeing Joseph Schumpeter's concept of creative destruction at work in higher education. The shake-up will continue.

Government schooling advocates are demanding that homeschoolers be regulated by public school authorities. Perhaps homeschooling advocates should be monitoring the government.

Israel’s defenders act like Netanyahu and his allies have had no choice but to react to October 7 in the manner that they have. But that isn’t true.

The watchword in higher education today is decolonization, which depends upon what Ludwig von Mises called racial polylogism. Mises understood that polylogism undermines the very foundations of scientific thought.

Supporters of the new California minimum wage law for fast-food restaurants claim it will bolster economic opportunity for lower-income people. It actually will be a wealth transfer from the poor to the rich.

Contra critical theorists, who claim human reason is nothing more than a social construct, reason is both understandable and universal. We cannot abandon it, for if we do, we abandon liberty itself.

Minimum wage laws don't have to be politically divisive. Can minimum wage policy achieve shared goals and values?

Minimum wage laws don't have to be politically divisive. Can minimum wage policy achieve shared goals and values?