"The commonly accepted theory that Fascism originated in the conspiracy of the great industrialists to capture the state will not hold. It originated on the Left."
Progressives claim that inequality is causing poverty and making people's lives worse. In reality, inequality leads to better economic outcomes overall and pulls more people out of poverty.
Since the 1940s, failed statist schemes have dragged Argentina into poverty. Javier Milei, who is gaining popularity there, hopes to change his nation's sad history.
Real deflation—both monetary inflation and price inflation—is necessary, and that can only be accomplished if the Fed can resist the temptation to keep doing what it's been doing since 2008.
Unlike a private-sector service, police do not operate under any contractual obligations to provide services in any particular way. They can choose to do nothing at all, and face no real consequences.
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.
