Everything from huge Keynesian "stimulus" policies to the war in Ukraine is dovetailing in a bout of stagflation: the simultaneous growth of inflation and unemployment.
Utilitarianism assumes that morality—the good—is purely subjective to each individual. It also assumes that these subjective desires can be added, subtracted, and weighed across the various individuals in society.
In Nock's view, the usurpation of social power by state power went hand in glove with a rise in war, intra-social conflict, arbitrary authority, indebtedness, and many other injustices.
Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.
Que el hombre actúe y que el futuro sea incierto no son en absoluto dos cuestiones independientes. Son sólo dos modos diferentes de establecer una cosa.
