David Gordon reviews Paul C. Graham’s Nonsense on Stilts: The Gettysburg Address and Lincoln’s Imaginary Nation, examining Lincoln's logic and finding it wanting.

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As the State continues to grow in power and intrude on the lives of citizens, the states have begun to cling power back from the Federal Government.

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Few economists—even the free-market advocates—understand what caused the Great Depression. No, the Fed didn’t cause the Depression by failing to inflate the currency. Instead, it was the Fed’s inflation that led to the disastrous early events.

It is during "emergencies" when we learn who really holds political power, and how ineffective are constitutional measures designed to limit the regime.

Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.

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