Eric Gomez and Benjamin Giltner The backlog of US arms sales to Taiwan grew in June 2024 to $20.5 billion, an increase of almost $840 million from the previous month. As shown in Figures 1 and 2, asymmetric capabilities account for the backlog’s growth in June.
Scott Lincicome Today we’ve published two new essays for Cato’s Defending Globalization project: A Cosmopolitan Case against World Government, by Ilya Somin explains why support for globalization and opposition to global government are not contradictory positions. Without Protectionism and Wars, Could the First Age of Globalization Have Occurred
By separating the producer-consumer relationship that is applied to private goods and services, government regulations and "oversight" has transformed higher education for the worst. It's time to restore that proper relationship.
Human action is not a figment of our imaginations, nor is it a social construct. Praxeology describes real and purposeful actions by people who act on what they know or what they believe to be true.