The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it.

Consumer confidence is high, unemployment is low and Treasuries’ yield is at 2.1%, while credit to the economy and corporate financing are not suffering.

If you take an hour drive down the I-65 corridor south from Nashville, Tennessee, you’ll find yourself in Columbia. My hometown isn’t quite as sleepy of a southern town as it used to be, much to my chagrin, but it’s still home nonetheless. The county seat of Maury, Columbia does have a handful of claims to fame to save itself from being a complete afterthought.

“When interest rates are low central banks don’t have much room to maneuver to deal with a crisis,” the New York Fed President John Williams said on Wednesday, June 6, 2019. In addition, according to Williams “if inflation falls, central banks will have even less room to maneuver when faced with a slowdown.” Furthermore, said Williams, “while I will always be vigilant about inflation that’s too high, inflation that’s too low is now a more pressing problem.”

This week, two oil tankers exploded in the Persian Gulf, reportedly as a result of a limpet mine attack. Neither tanker flew a US flag. One was Panama-flagged, and the other was Marshall Islands-flagged. No one was killed.

Revisionist history, as applied to World War I, began as an effort to challenge Article 231 of the Treaty of Versailles, which claimed that the war had been imposed on “the Allied and  Associated Governments” by “the aggression of Germany and her allies.” By extension, revisionist history also criticizes the decision of the United States in 1917 to enter the war, the bad results of the treaties that ended the war, and the propaganda designed to induce the public to accept the war against the Central Powers.

In March 1919, the Communist Party headed by Vladimir Lenin stated in its newly drafted program that among the party objectives was the complete abolition of money.

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Homelessness today is often blamed on both “gentrification” and “neoliberalism.” When these terms are used in the context of urban housing, it is usually implied that too much market freedom makes housing unaffordable to large swaths of the population. Thus, we are told capitalism is the primary culprit we now find in many large cities from Boston to Los Angeles.

“Progressive” politicians like Bernie Sanders, Alexandria Ocasio-Cortez, and Elizabeth Warren are becoming more fashionable, and it follows that attacking big business is back in vogue.