Decentralization and SecessionWorld History
The Liechtenstein constitution goes to great pains to place obstacles in the way of exercising state power. It also has provisions explicitly allowing for secession.
In a competitive economy, employers are unable to pocket the surplus produced by workers. If the employers try to do this, they lose market share and their best workers.
Money and BanksMoney and Banking
Real GDP does not measure the real strength of an economy, but reflects monetary turnover. Thus, the more money is pumped, the stronger the economy appears to be.
Today is the birthday of Hans Hoppe, an outstanding libertarian theorist.
Labor and Wages
Labor is not homogeneous, so data analysis that speaks simply of "labor" and "labor costs" must be treated with extreme caution.
One reason Congress keeps throwing money at the F-35: There are 1,400 subcontractors for the F-35 program, spread out over 307 congressional districts in 45 States.