Freedom Where You Can Get It: States vs Municipals
Though property tax reform took multiple special sessions to resolve, the fight over Texas HB 2127, the so-called “Death Star” bill, looks likely to continue in the courts.
The Great Phony Disinflation Enters Its Finale
“La commedia è finita!” summarizes where the United States and Europe now stand in the Great Phony Postpandemic Disinflation. Why phony? Reported consumer price index (CPI) inflation has been falling in the US and Europe; but this has little to do with the advertised monetary tightening by the Federal Reserve, European Central Bank (ECB), and Bank of England.
Eugen von Böhm-Bawerk’s “Interest Theory of 1876”
A new translation of Bohm-Bawerk’s “Interest Theory of 1876” is now available in the Quarterly Journal of Austrian Economics.
From the Introduction:
The Profiteers of Armageddon
Unless you’ve been hiding under a rock for the past few months, you’re undoubtedly aware that award-winning director Christopher Nolan has released a new film about Robert Oppenheimer, known as the “father of the atomic bomb” for leading the group of scientists who created that deadly weapon as part of America’s World War II-era Manhattan Project.
“Facebook Files” Reveal Despicable Disregard for the Constitution
Last week’s revelation that Facebook took orders from the Biden Administration to censor even accurate information about Covid is the latest example of the US government’s disregard for our Constitution. Thanks to Rep. Jim Jordan, Chairman of the House Judiciary Committee, we now know the extent to which the Biden Administration went in its proxy war against the First Amendment.
The Coming Collapse of the Global Ponzi Scheme
It won’t be long before governments around the world, including the one in Washington, self-destruct.
Strong words, but anything less would be naïve.
Yellow Trucking Goes Bankrupt, Thanks in Part to Onerous Labor Laws
On July 30, Yellow, one of the oldest and largest trucking businesses in the United States, ceased operations and moved to declare bankruptcy. According to reports, the final nail in the coffin of the ninety-nine-year-old business was a labor dispute with the Teamsters Union.
America’s Big Three Entitlement Bankruptcies Are Inevitable
America’s federally sanctioned entitlement programs, Medicare, Medicaid, and Social Security, each face bankruptcy in the next few years. Medicare and Medicaid were created in 1965 as part of President Lyndon Johnson’s Great Society legislation. Social Security was created in 1935 to provide retirement income for Americans who reached the age of sixty-five.
