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The Economic Nationalists Are Wrong: Free Trade Means Freedom and Prosperity

Blog05/31/2023

During a debate on capitalism with James Otteson, Michael Anton opined that free markets are harmful to a nation's economy. Perhaps he needs to learn economics.

leggett

The Street of the Palaces

Blog05/31/2023

"Have we not, our privileged orders, aristocrats who control, indirectly, but certainly, the political power of the state? ... If any man doubts how these questions should be answered, let him walk through Wall-street."

Individualism in the US Has Helped Make It an Economic Success

Blog05/31/2023

Individualism, while condemned in some cultures, has helped make this country economically successful. Will the influx of immigrants from cultures that devalue individualism reverse that success?

Higher Corporate Profit Margins Aren't Causing Inflation

Blog05/30/2023

The usual suspects such as Robert Reich claim that corporate profits are causing inflation. Actually, increases in corporate profits are tied to increases in inflation.

Republicans Fail on the Debt Ceiling in 2023

Blog05/30/2023

Despite "concerns" about increasing federal debt, in the end Republican legislators have gone along with whatever the ruling elites want. The Limit, Save and Grow Act of 2023 is more of the same.

Fewer Americans Say They Are Doing "Okay" Financially

05/29/2023Power & Market

Those who say they're doing fine was percentage points lower than the prior year and one of the lowest observed since 2016.

The Bankruptcy Caravan Is Now Arriving: Time to Pay for the Easy Money

Blog05/29/2023

As the Fed increases interest rates to reverse the inflation it has caused, firms that depended on easy money will face the bankruptcy judge. Stay tuned; there's more to come.

“Trans Rights” Means Trans Entitlements and the End of Civil Society

Blog05/29/2023

The trans rights movement has quickly moved into government coercion and outright violence. There is nothing libertarian about what is happening in this movement today.

As Interest Rates Rise, the Era of "Deficits Don't Matter" Is Over

Blog05/27/2023

The world is changing, and in the coming five years we'll see how accelerating debt, declining demand for dollars, and rising price inflation will show how deficits do matter, after all. 

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