The United States Has Declared Defeat in Two More Wars

President Biden announced last week that he planned to remove all combat troops from Afghanistan by September, which he says will mark the end of what is now a twenty-year war in the central Asian country. A week earlier, the US and Iraq reaffirmed a deal to withdraw “any remaining combat forces” from Iraq, and to further wind down the US involvement there, which dates back to the 2003 invasion. In both cases, of course, the stated plans to end military intervention have been framed in polite language designed to make…

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The Travel Corporation pledges 100% carbon neutrality by 2030

Marcos Osorio / 500px | 500Px Plus | Getty Images The Travel Corporation, which owns and operates 40 travel brands — including guided vacation companies, hotels and transportation providers — has announced a five-step Climate Action Plan to achieve carbon neutrality by 2030 and continue existing efforts to achieve its corporate sustainability goals. The plan, announced on Earth Day as President Joe Biden pledged to halve U.S. greenhouse gas emissions in the same timeframe, will see privately-held The Travel Corporation not only implement the five steps of its new plan…

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Is Rawls Stupid? A Lesson in Close Reading

I’ve often argued against John Rawls’s theory of justice, and readers who see my title might be thinking to themselves, “Not another post on Rawls!” These readers can rest easy; this is not another post attacking Rawls. (It isn’t, of course, a post that says Rawls was right.) Instead, I want to use an argument someone directed against Rawls to illustrate a basic principle of how we should read texts. I believe the author of the comment, who is an excellent pro–free market philosopher, violated this basic principle, and what…

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Are Monarchies Better for Economic Growth? Here’s What the Empirical Evidence Says.

Hans-Hermann Hoppe has argued that monarchies take a longer-term view of their national economies and therefore are more likely to pursue more stable and secure economies. That is, among monarchs, the desire to maximize wealth promotes more farsightedness than exists in democratic regimes. Due to the lower time preference of monarchs, they are less likely to succumb to the whims of economic populism.  Hoppe outlines this argument in a 1995 article: A private government owner will predictably try to maximize his total wealth, i.e., the present value of his estate and his current income….…

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The Biggest Threat to US Hegemony: China, Russia, or Debt?

China and Russia are trying to build a Eurasion bloc that can break free of any American spheres of influence. The American regime obviously opposes this, but money printing and debt limits the American options. Original Article: “The Biggest Threat to US Hegemony: China, Russia, or Debt?” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.   Source link

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A Dozen Dangerous Presumptions of Crisis Policymaking

Congress and the president have adopted many critically important policies in great haste during brief periods of perceived national emergency. During the first “hundred days” of the Franklin D. Roosevelt administration in the spring of 1933, for example, the government abandoned the gold standard, enacted a system of wide-ranging controls, taxes, and subsidies in agriculture, and set in motion a plan to cartelize the nation’s manufacturing industries. In 2001, the USA PATRIOT Act was enacted in a rush even though no member of Congress had read it in its entirety.…

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