Day of Reckoning
Imagine, for just a moment, that US government debt were rated in the same way that municipal bonds or regular corporate debt are.
Imagine, for just a moment, that US government debt were rated in the same way that municipal bonds or regular corporate debt are.
The entire Keynesian/government approach to stimulus has been a catastrophic failure.
Bad ideological trends will result in the complete cessation of any voluntary saving and capital formation on the part of individual citizens.
What once was believed to be a city of destiny (paradise on earth) is being destroyed by government looting.
Now that the debt "crisis" is over, we can explore two of the wackier proposals that emerged during the panic.
After three-plus years of floundering around, a consensus has finally arrived that we are back in recession. Growth is not happening. The meager statistical growth of the past few years — no one dared claim it amounted to full recovery — was probably illusory.
Government-sponsored monopolies should be abolished where they seem to be most integral to our society.
The US healthcare system is a complex leviathan of interdependent cartels rather than a free market.
Every student in a money-and-banking course should read this book at least twice.
The ghostwriting black market is a slice of spontaneous order that has arisen from the need to circumvent the inefficiencies of the public-education system. The industry is so profitable that some even make it a full-time job.