As Murray Rothbard wrote, inflation is not an increase in prices. It is, instead, an increase in the supply of money in circulation. The distinction is important.
Americans spend billions of dollars on treating heart disease. Prevention is cheaper, but thanks to perverse government incentives, preventing heart disease takes a backseat to medical spending.
Australia is famous for its laid-back culture and for being founded by convicts from Great Britain. It also should be famous for its embrace of entrepreneurship.
When the Soviet Union collapsed more than thirty years ago, US and European political elites sought to isolate and threaten Russia. The result has been war, destruction, and death, none of it necessary.
The Constitution has not protected our natural rights, nor did it prevent the US from becoming a blood-soaked failed state a mere 73 years after the constitution was ratified.
One of the modern progressive buzzwords is "stakeholder capitalism," in which people with no direct connection to a firm somehow have a "stake" in what the firm does. It is an incoherent term.
El manifiesto comunista impulsó un impuesto sobre la renta fuertemente progresivo como una de las diez formas clave de socavar el orden de mercado. Por desgracia, la idea no murió con Marx.
