Precedents for sovereign default exist, but they are double-edged.
Category:
World News
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Through the most bloody war in American history to date, Lincoln unleashed an inchoate “secret constitution” that began to bring the US into…
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Federal workers are a powerful lobby in Washington, and taxpayers pay for federal bureaucrats’ wages inflated through federal laws favoring federal unions.
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Christopher Chantrill: Most every corrupt government program begins as a moral crusade and ends up as a spoils system: Social Security, Medicare, Obamacare,…
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President Trump is planning to appoint a two-star US general to lead the international force that may be deployed to Gaza under the…
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Data shows that the marriage rate and the homeownership rate have been closely connected for decades. Historically, more marriage means more home buying,…
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David Beito’s new biography on Franklin D. Roosevelt is not the hagiographic nonsense that has dominated the US history profession. That is a…
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Inflation does more than just force up prices. It destroys the wealth-producing process, especially with young people who are prevented from acquiring the…
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As Congress scrambles to extend emergency subsidies to keep Obamacare afloat, it can be tempting to view the bill that made healthcare less…