Suddenly the world is abuzz with talk about legalizing marijuana and other drugs. Political candidates, politicians, former presidents, interest groups, and even the Global Commission on Drug Policy are all calling for drug-policy reform. Given that we are in a worldwide economic and fiscal crisis, why is everyone interested in drug policy? Have we all suddenly regained our senses and realized that prohibition is irrational? Continue reading →

Currently, the big show in Washington, DC, centers around raising the debt ceiling. Congress began setting this ceiling in 1917 so that the Treasury could independently issue debt. The debt ceiling is like the limit on your credit card, except the federal government sets the limit on itself. When President Nixon took us off the gold standard in 1971, the national debt was $400 billion. The increase in the national debt last year alone was four times the entire debt in 1971. Continue reading →

I have been working at the Ludwig von Mises Institute as a senior fellow for the last ten years. I answer economic questions from students, Mises Institute members, and the media. I also work in all the Institute education and scholarly programs and do research. It is probably the best job in the world. Continue reading →

The authors of this book work on the frontlines in the battle against marijuana prohibition. Steve Fox (Marijuana Policy Project), LRC columnist Paul Armentano (National Organization for the Reform of Marijuana Laws), and Mason Tvert (Safer Alternative for Enjoyable Recreation) make the case for marijuana legalization based on the relative safety of marijuana compared to alcohol. Continue reading →