Imagine an economy where there is no money. All currencies, mediums of exchange, and other intermediaries of trade no longer exist. Instead of having money, everyone is issued ration cards that dictate what goods they can have and in what quantities. Everything from food you buy to the clothes you wear to medicine you need … Continue reading That Time the Soviet Union (Grudgingly) Turned to Free Markets to Save Its Collapsing Economy
Category: World
Billions of people across the globe continue to live under COVID-19 lockdowns or heavily-restricted life. And for almost all of us, life amid the pandemic in 2020 was an isolating and difficult year. Yet doctors are warning that children in particular are experiencing grave mental health consequences as a result of the lockdowns—leading to an … Continue reading Child Suicide is Becoming an ‘International Epidemic’ Amid Restricted Pandemic Life, Doctors Warn
A century ago, the Mother Ship of Socialism—the Soviet Union—was teetering on the precipice. The Poles had just vanquished the hopes of dictator Vladimir Lenin to sweep across Europe. Under the bludgeon of Marxist central planning, the economy had collapsed to a fraction of its pre-war dimensions. The country was seething in discontent. Insurrection seemed … Continue reading Lenin’s New Economic Policy: When the Soviets Admitted Socialism Doesn’t Work
Now that President Joe Biden is in the White House and a fellow Democrat is chairman of the Senate Foreign Relations Committee, will the United States finally ratify the United Nations Convention on the Law of the Sea? Republicans’ past support for this U.N. convention, also known as the Law of the Sea Treaty, has been … Continue reading This Senate May Smile on Faulty Law of the Sea Treaty
In an interview with MSNBC last Thursday, new Commerce Secretary Gina Raimondo spoke highly of the "national security" tariffs that President Trump placed on steel and aluminum imports in 2018 under Section 232 of the Trade Expansion Act of 1962. According to Secretary Raimondo, "[t]he data show that those tariffs have been effective." As my colleague Simon … Continue reading By Supporters’ Own Standards, the Steel Tariffs Haven’t Been “Effective”
“Vaccine passports” are the latest in a long line of unusual terms we’ve all become familiar with over the past year. The Washington Post reports the Biden Administration is working to coordinate a national program that would require citizens to show proof of their vaccine status in order to travel or enter public places, but … Continue reading On Vaccine Passports, Free People Require Free Movement
Early in 2007, after winning a second six-year term as president, Hugo Chávez announced his plan to nationalize Venezuela’s largest telecommunications company, CANTV, hinting at wider nationalization plans to come. “All that was privatized, let it be nationalized,” announced Chávez, who had run under the banner of democratic socialism. Nearly a decade and a half … Continue reading Bloomberg: Venezuela Turns to Privatization After Being Bankrupted by Socialism
The United States is headed back to the United Nations Human Rights Council, as announced by Secretary of State Antony Blinken. In his statement, Blinken addresses the body’s failings, but notes that, “the best way to improve the Council is to engage with it and its members in a principled fashion.” While American human rights leadership is … Continue reading Before Rejoining UN Human Rights Council, US Should Commit to Authentic Human Rights
Decentralized currencies could help to break down the grip of the state and let Venezuelans finally breathe free.
Import taxes on washing machines have cost Americans over $800,000 per job created.
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