American political commentators have frequently called for the U.S. president to take effective action to improve world economic growth. Such calls are a form of what Matthew Yglesias has dubbed “Green Lanternism”—the unspoken theory that the U.S. president’s ability to affect outcomes is primarily affected by his willpower. In this article, I examine the opposite—and ...

It’s a rare buccaneer who runs a book club. But in October 2012, the chief administrator of the Silk Road drug market, under the pseudonym “Dread Pirate Roberts,” was on the dark web assigning readings from the anarchist libertarian philosophy of Murray Rothbard. Roth­bard had argued that markets and individual connections were really all we ...