When politicians say "you never had it so good" they're taking credit for something they didn't do. In truth, what economic prosperity we have is due to private savers and entrepreneurs making economic progress possible.
In a world in which there are men and women who do not know to which sex they belong, it should not be surprising that there are corporate CEOs who
Since real savings enable the production of capital goods, obviously real savings are at the heart of the economic growth that raises people's living standards.
Entrepreneurial action provides the fuel for the constant mining of consumer value. If entrepreneurs cease acting in this way, consumers will cease to see innovation and growing value in the marketplace.
If governments do anything more than protect property rights, then they're too big.
Government anti-trust policy often results in destroying cost-saving measures adopted by larger firms, thus driving up prices for ordinary consumers.
The British opponents of the Corn Laws rightly understood that tariffs and other restrictions on trade are violations of fundamental natural rights, and that they privilege certain entrenched interests at the expense of everyone else.
A truly effective criminal justice system would be built on restitution, not imprisonment and punishment. Moreover, government-funded prisons have no incentive to rehabilitate prisons since they receive funding regardless of outcomes.
Most everyone dislikes being taxed to pay for government. So governments turn to borrowing and printing money. But those methods aren't really any less costly than taxation.
To understand what an inverted yield curve means, you must first understand what the yield curve is.
