Why is it so hard for the IMF and the U.S. government to understand that putting out the fire comes before fireproofing the building?

In January 2013, one could buy a Bitcoin for about $13. By late November, one Bitcoin would have set a buyer back over $1100.

It turns out that the rich are much better placed to feed at the public trough. The poor get crumbs.

During the last two centuries, there have been many deflations throughout the world. Almost all of them have been good ones precipitated by technological innovation, rising productivity, global capital flows, and sustained economic growth. If farm mechanization cuts the price of wheat, you get a rising living standard. This is good.

The more expansive government is, the more perils people face in daily lives, be it from IRS agents or from child support services, or from other agencies that often have little or no legal restraints on their power.

Our rights come from God, not the government.

Some have argued that the United States was designed to block majority rule; to be a 'republic, not a democracy.' This is ahistorical nonsense.

A lot of people are surprised when I talk so much about the present, but politics is just a crucial part of archaeology.