American Madness
In real life, Keynesianism doesn't work; the government bails out the bankers and then depressions last a long time.
In real life, Keynesianism doesn't work; the government bails out the bankers and then depressions last a long time.
Now, under the influence of the antidiscrimination paradigm and "human rights" law, men are being told that their human dignity requires the enslavement of a woman who does not wish to provide them with a holiday tour.
Economic theory suggests that unaccountable, legally protected monopolies are inefficient.
"We don't know how many jobs have been lost because of the ones that have theoretically been saved or created."
Scalpers fight against the notion that people must be protected from free, uncoerced exchanges.
"Good government" seems to involve reckless spending by Washington, endless printing at the Fed, and bailout after bailout.
Let us send a delegation to Hades to resurrect Ludwig von Mises, Thomas Jefferson, John Locke, and Aristotle to replace the corrupt, debased politicians we now have.
Washington should be lowering taxes and the costs of hiring employees, especially in industries that produce capital and wealth.
Although Aristotle, in the Greek tradition, scorned moneymaking and was scarcely a partisan of laissez-faire, he set forth a trenchant argument in
The entire Keynesian edifice rests on a central paradox: impeding the central mechanism of the free market will restore prosperity.