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Editor's Pick

Only Congress, Not the President, Can Initiate War

Edwin S. Corwin in The President: Office and Powers, 1878-1957 has argued that the Constitution is a tussle for control between the executive and legislature. It is, he claims, “an invitation to struggle for the privilege of directing American foreign policy.”

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These subsidies exemplify crony capitalism. The Austrian School of economics defines any subsidy as government intervention in the functioning of the economy.