Entries by Peter Jacobsen

The Economist Whose Theory Predicted Today’s Calls for Censorship in the 1970s

Estimated Reading Time: 4 minutes

Nobel Prize-winning economist Ronald Coase wrote a paper in 1974 that implicitly predicted the increasing popularity of censorship among the intellectual class.   After Elon Musk’s offer to purchase Twitter was accepted, the Department of Homeland Security unveiled plans for a “disinformation” governance board. Musk’s purchase is not final, and the governance board is now […]

The Afghanistan War Was a 20-Year Failure in Central Planning

Estimated Reading Time: 3 minutes

The blame for the Afghanistan War disaster falls squarely on the experts in Washington, DC, who began the crusade 20 years ago. The Afghanistan War/nation-building project is now confirmed as a complete failure—and a costly one, in both lives and resources. Brown University’s Watson Institute estimates the US spent $2.2 trillion over the 19 years, […]

The Federal Reserve is Embracing Left-Wing Policies—Here’s Why You Shouldn’t Be Surprised

Estimated Reading Time: 4 minutes

The Fed’s mission creep, though troubling, is neither new nor surprising. The Federal Reserve System has come under fire in the last few months for extending itself into areas outside its Congressional “dual mandate” of stabilizing prices and maximizing employment. There are two areas where the Fed is being accused of overreaching. The first area […]