The Federal Government Did Not Create the States
Calhoun emphasized the principle that the states were sovereign and independent and not merely the creation of the federal government.
Calhoun emphasized the principle that the states were sovereign and independent and not merely the creation of the federal government.
President Trump‘s recent assertions that the Fed should lower the discount rate puts him squarely in the middle of Fed politics and exposes the messy truth that the Fed is not an independent group of experts but rather a tool of the political system.
The Trump administration continues its assault on the First Amendment and the rights of dissenters. The latest casualty is a Turkish graduate student at Tufts University who was arrested by US authorities because she wrote an op-ed in the student newspaper critical of Israel.
The leftists destroying and defacing Teslas to protest Elon Musk’s foray into American politics provide the latest example of the American far-left being easily co-opted into playing directly into the hands of the political establishment.
The intelligentsia really feels like they’re in mortal danger. It’s lovely to see.
Can Donald Trump and Elon Musk actually change the direction of government growth and spending? The proverbial Overton Window does not stay open very long.
Thus far, DOGE has introduced the American public to countless examples of wasteful spending. Unsurprisingly, the benefactors of the system see this as a great injustice.
Robert Paul Wolff, who recently died, understood that the state is incompatible with individual rights. While he faltered in his views on economics, he helped lay the groundwork for a reasoned and coherent opposition to state-sponsored power.
Like their American counterparts, libertarians in South Korea allied themselves with the conservative political factions and now are paying a price in the face of a political meltdown. As Murray Rothbard noted, it is better to go with principles of liberty than caving in to statists.