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| Saturday, May 31, 2025 |
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| The Economics of Obamacare—Next Round |
| Łukasz Jasiński |
| Enrollment in government-subsidized “Obamacare” health insurance programs is expanding—and that is not a good thing. As more people place demands on the medical system, that system is increasingly unable to handle the growing demand. |
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| READ MORE + |
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| The Tobacco Standard in Colonial America |
| Joshua Mawhorter |
| MMT and chartalism claims that money is a creature of the state and is valued because of state action. The fact that tobacco acted as colonial money independently of the state demonstrates this to be false. |
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| READ MORE + |
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| Most popular this week |
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| Relearning the Lessons We Never Learned from World War I |
| We would do well to remember the main lesson from World War I: there is no “honor” in warfare. It is pure murder. |
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| Price Controls and Drug Shortages in France: A Textbook Case of the Evils of Interventionism |
| France is facing critical shortages of a number of drugs, and one need look no further for a cause than a price control regime. |
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| Is Culture Degeneration Biological or Ideological? |
| If one looks to Mises and the Austrians, we look squarely at human action that begins with the human mind and purposeful action. |
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| Featured Audio |
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| Poland’s Turn Toward a Market Economy Saved It from Poverty |
| Polish professor of political theory Łukasz Dominiak joins Ryan McMaken to talk about Poland’s rise from poverty. |
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| What the New Right Gets Right—and Wrong—About Free Trade |
| Bob Murphy offers a charitable yet firm economic critique of the anti-free trade ideas gaining ground on the political right. |
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| Impressed at Vicksburg |
| Mark Thornton discusses a lesser-known factor in the American Civil War: the Confederate “impressment” policy and its impact at Vicksburg. |
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| MAGA, MAHA, and the Nanny State |
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| Modern medicine looks more like a religion than a science, and its priests are bureaucrats. |
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| The World at War |
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| Ralph Raico offers a compelling, classical liberal perspective on the economic roots of twentieth-century conflict. Raico weaves together history and theory to illuminate the deeper causes of the world wars—insights that remain strikingly relevant in the context of ongoing debates over intervention and perpetual war. |
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