How Medical Innovation Happens: Cash Clinics in Pharmacies and Big Box Stores
The Feds Collect Most of the Taxes in America—So They Have Most of the Power
In 2021, it’s clear Americans now have thrown off any notions of subsidiarity and instead embraced the idea that the federal government should be called upon to fund pretty much anything and everything. From ”stimulus checks” to “paycheck protection,” it’s assumed an entire national workforce can be propped up by federal spending.
Mises and Social Darwinism
It’s often claimed that support for the free market rests on the ideology of social Darwinism. According to this nefarious doctrine, Charles Darwin showed that evolution is a process of struggle. In it, the strong, meaning those best able to reproduce, supplant the weak. Social Darwinists like Herbert Spencer and William Graham Sumner, it is alleged, applied evolutionary theory to support the free market. If the poor did not fare well, their situation should not be deplored or remedied. The victory of the strong over the weak is a law of nature, and to endeavor to combat it is futile.
$8,000,000,000,000
An important milestone has recently been passed. To be exact, the latest Fed balance sheet update on June 17, 2021, shows the figure at $8.064 trillion.
To help visualize this, the Fed provides a graph of total assets, known as the balance sheet on a weekly basis:
No, Bernie, Collegiate Athletes Do Not Need a Union
When we last saw Bernie Sanders at the Joe Biden inaugural bundled and wearing a mask, some of us hoped that Bernie would still be masked—and silent. Unfortunately, as it becomes increasingly clear that the Biden administration is wanting to transform the USA into a progressive paradise, Sanders has joined the movement in which no institution is safe from an enforced state makeover.
The Fed Is Trying to Gaslight the World—It Won’t Work
Good news, everyone, the inflation that Americans are witnessing daily is temporary. That is, at least, what our enlightened technocrats at the Federal Reserve are desperately trying to convince the rest of the world of. The latest reassurance that there is nothing to be concerned about comes from Atlanta Federal Reserve Bank president Raphael Bostic, who claimed Wednesday that “much of the data recently has come in stronger than I expected.”
As Reuters reports, Mr. Bostic told reporters:
