Can the Fed gracefully exit from the huge hole it has dug for itself? Unfortunately my answer is no.
Cheap money, buyer tax incentives, lack of new supply, nothing seems to keep home prices elevated.
Thank goodness that no local government has decided that lawn care is a public good.
The division of labor works in dating as it does with anything else. The academically inclined should focus their energies and time on their studies. That's what they enjoy and what they're good at. And now these young entrepreneurs have created a way to efficiently match potentially compatible people.
Have you ever wondered why the "tiny ship" famously tossed in the opening credits of Gilligan's Island was named the SS Minnow?
These tell-tale signs of a dictatorship all reinforce Mises's observation: the regime can only last if it maintains the illusion that it is beneficial to the masses. Mere physical strength is not sufficient, because it is ultimately ideas that determine which way the soldiers and police point their guns.
