In terms of economics, what currently is should be of very little importance: what matters, and that we should seek to understand, is the process that brought it about and that will create what will be in its place.
Proponents of Medicaid expansion pioneered new ways of covering up the true costs of a government program.
During December 2019, year-over-year growth in the money supply was at 5.53 percent. That's down from November's rate of 5.9 percent, but was up from December 2018's rate of 3.90 percent.
Shortcomings in the government's handling of monetary matters, of credit expansion, and the disastrous consequences of lowering the rate of interest gave birth to the ideas which finally generated the slogan "stabilization."
The great libertarian psychiatrist Thomas Szasz warned that health officials could use their "expertise" to push a political agenda. We're now living in that world.
There's a new kind of capitalism on the scene: "surveillance capitalism." It's drawn attention from across the political spectrum, but Left, Right, and center offer very different solutions to similar concerns.
Argentina is only going to prosper when it recognizes that its fiscal and monetary imbalances are not the fault of the citizens and their small businesses, but of the government.
If opponents of the current ideological winds blowing in Virginia find themselves in a permanent minority, it may very well be that the only method of defending the minority position is by leaving the state. But "exit" can theoretically be obtained in more than one way.
Liberalism conceives of freedom as the absence of constraint, but Hegel's definition is more expansive. And, of course, the state is a necessary condition for it.
Values of goods are not static things that can be used for central planning. Values apply only to a particular transaction at a particular place and at a given time by human beings.
