The Usual Suspects from the American and European elites are claiming that Spain's recent blackout was the result of unusual weather conditions. In truth, Spain's dependence upon renewable energy was to blame.
Economists have said that a higher education degree is a form of “signaling” by the person holding the diploma. Thanks to government attempts to make higher education readily available, the value of a college degree has been severely degraded.
The reaction to Biden’s cancer announcement reveals how little trust the public has in the people who spent years claiming that Biden’s mental decline was fabricated by right-wing propagandists. That lack of trust is well deserved.
President Trump has invoked the ancient fallacies of mercantilism in fashioning his protectionist trade policies. We will find that mercantilism is just as harmful today than it was hundreds of years ago when it first became Britain‘s national policy.
Robert Kennedy‘s Make America Healthy Again (MAHA) crusade is being promoted as a government-led effort to eliminate health hazards in food and medicine. However, MAHA depends upon government overreach, which ultimately will undermine any good MAHA does.
Academic scholars tend to use Marxian terms when pointing out what they see as conditions of “oppression,” believing that race and class determine outcomes. However, the real world is not so abstract and things often are not what Marxists believe to be true.
Alex Tabarrok joins Bob to break down Trump’s drug price executive order, price controls, and the real economics behind Big Pharma and healthcare innovation.
Karl Marx still is revered by modern academics as a prophet. However, given Marx‘s penchant for making false predictions, at best he would be a false prophet, someone whose word cannot be trusted.
People often confuse economic growth with growth in the stock market, but while these two things can be related, that is not always the case, especially during inflationary times.
While Austrian economists have engaged Modern Monetary Theorists on economic terms, one should not forget that this theory promotes totalitarian governance.
