Inflation in Argentina is far worse than neighboring countries. It has only one cause: an extractive and confiscatory monetary policy—printing pesos without control and without demand.
In the wake of mass shootings, progressives claim that draconian gun laws will stop these tragic events. However, the gun control record in places like Jamaica provides contrary evidence.
Gary Galles explica que es una virtud del mercado que los expertos genuinos lleguen a la cima y una marca de la política que los pseudoexpertos gobiernen aquello de lo que no saben nada.
Gary Galles explains that it is the virtue of the market that genuine experts rise to the top and a mark of politics that pseudoexperts rule what they know nothing about.
When asked to quantify how a 75-point hike is better than a 50-point one, Powell had no answer. And will it work? Powell could only say "we'll know when we get there."
Although they never actually accomplished it, one of the worst things the Keynesians did was convince some people that they had refuted Say's law of markets.
