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Editor's Pick

Schumpeter on the Dangers of the “Tax State”

The modern state, unlike the medieval monarchy, does not merely tax to sustain itself or to defend the nation. It taxes to reshape society and to manage an increasingly restive population.

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Walter Olson The House Judiciary Committee on April 28 released budget reconciliation language that would do a truly remarkable thing: ban federal judges from...

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For those of you who are a bit more steeped in technical analysis, you’ve likely heard of Dow Theory. A set of principles developed...

Editor's Pick

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