If economic ignorance among leftists (i.e., liberals and progressives) had no adverse impacts, we could consign it to the ranks of the humorous. Unfortunately, however, such ignorance has very serious adverse consequences, especially on poor people.
I receive near-daily emails from The Nation, the hard-left publication that never acknowledged a communist atrocity nor has recognized any socialist failure. From what I can tell, the editors are downright giddy, as they see socialism in the USA on the rise, with the bookends of the elderly Bernie Sanders on one side and the camera-friendly Alexandria Ocasio-Cortez on the other, both ably promoting socialism to a new generation of people ready to overthrow the alleged chains of capitalism.
Say the wrong things and you might get kicked off of your favorite social media platform.
Tech titans Apple, Facebook, and YouTube have wiped out talk-show host Alex Jones’s social media presence on the Internet. But the social media crusades weren’t over.
According to many mainstream economists, a lack of good correlation between the monetary growth and the growth rate of various price indexes casts doubt on the commonly held view that the key source of inflation is increases in money supply.
It is also argued that before the 1990, the relationship between money supply and inflation was positively correlated. However, from 1990 onwards in the US and other major economies this correlation ceased to exist.
The chickens are coming home to roost. It’s only a question of when.
Herbert Stein was chair of the Council of Economic Advisors under Presidents Richard Nixon and Gerald Ford and is the father of the more well known Ben Stein. In 1976, he propounded what he called “Stein’s Law”: if something cannot go on forever, it will stop. Stein was referring to economic trends, but the same law applies just as much to foreign policy and the concept of empire.
Last month, the United Nations released its Human Development Index , which is a report that attempts to quantify the quality of life in world’s nations in a way that looks beyond purely economic measures. According to the report:
Last week, a team of researchers under the auspices of the Nuffield Department of Population Health (NDPH) at Oxford University published an article in the online journal Public Library of Science ONE.
The news in Latin America this year has brought two reminders that Latin America’s stringent gun controls have not stemmed the growing homicide problem in many parts of the region.
The first is that homicides reached new highs in Mexico this year , reaching record levels not seen since the country began keeping records twenty years ago.
