Energy is a highly regulated industry across the world. There is less debate about the need for government control when it comes to the oil and gas sector. The arguments that most people accept for government intervention in energy, whether in the name of energy access, national security, or climate change mitigation, all share the same general premise: that energy is too important to be left to the whims of the free market.
The Federal Reserve is sowing the seeds for its central bank digital currency (CBDC). It may seem that the purpose of a CBDC is to facilitate transactions and enhance economic activity, but CBDCs are mainly about more government control over individuals. If a CBDC were implemented, the central bank would have access to all transactions in addition to being capable of freezing accounts.
Total employed workers fell for the second month in a row in November, dropping nearly 400,000 workers below the pre-pandemic peak in February 2020. According to new employment data released by the Bureau of Labor Statistics on Friday, the current population survey shows employed workers fell to 158,470,000 in November, down 138,000 from October’s total of 158,608,000. This continues a nine-month trend in which the total number of employed persons has moved sideways.
On Tuesday, a District of Columbia jury convicted Stewart Rhodes and Kelly Meggs of seditious conspiracy in relation to the January 6, 2021, riot at the US Capitol. Three other defendants were acquitted of seditious conspiracy but convicted of other felonies. Convictions of seditious conspiracy represent a political victory—not just a legal one—for those who have long insisted that the January 6 riot was no mere riot, but an organized armed rebellion of some sort. This claim has been key in the administration’s ongoing vague claim that “democracy”—however defined—is somehow “at risk.”
“Today the tenets of this nineteenth-century philosophy of liberalism are almost forgotten. In the United States “liberal” means today a set of ideas and political postulates that in every regard are the opposite of all that liberalism meant to the preceding generations.”
—Ludwig von Mises, 1962 (emphasis added)
