Spreadsheets Can Not Replace the Market Process
The problem with the Excel spreadsheet approach is not the intentions of policymakers, but that such tools cannot possibly replace the market process.
The problem with the Excel spreadsheet approach is not the intentions of policymakers, but that such tools cannot possibly replace the market process.
In free-market circles, most government intervention is dismissed as "socialist," with the result that the term has lost its true meaning.
With central banks falling into step in a seemingly inexorable race toward negative interest rates, this could point to bigger problems on the horizon.
Central bankers have become enablers to debt-addicted governments.
If you are looking for a short introduction to socialism that rewards rereading, Thomas DiLorenzo's The Problem With Socialism is it.
Government schemes are powerless in gauging where comparative advantage lies, whether we are talking about trade or sports.
The drug war enables government agents to seize the property of people never convicted of any crime.
It is a time of fiscal hedonism, engineered and encouraged by governments and their central banks, and sold to us as banal public policy and tinkering.
Under a system of tariffs, subsidies, and restrictions, we get companies like Coke and Pepsi producing collectivist drinks for the masses.
When new money is made, it helps those who get the new money first (usually the wealthy) — at the expense of those who get it later (the poor).