The Empire Strikes Back

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US Navy accidentally dumps $60mln fighter jet into the ocean

US Navy loses $60 million fighter jet after it fell off aircraft carrier. This brings the total cost of lost aircraft in

Liberals win in Canadian election. See results here.

The Liberal Party, led by new Prime Minister Mark Carney, is projected to form a minority government in a dramatic political comeback,

Just a reminder that the new PM of Canada used to be head of the Bank of England

New "Canadian" PM Mark Carney has been head of both the Bank of Canada and the Bank of England. The technocracy acknowledges

The Cultural Consequences of the Welfare State

The welfare state is supposed to signal the existence of the “compassionate” society that provides care for all. However, this “compassion” has

NATO Needs to Be Terminated

Ted Carpenter explains why NATO is now even more useless than before.

USAID: Antidote to Poverty or Forum for Corruption?

Foreign direct aid has failed to alleviate worldwide poverty. Nations with secure property rights have prospered.

Does Correlation Mean Causation?

Carl Menger wrote, “All things are subject to the law of cause and effect.” Unfortunately, modern academic economists all too often confuse