Enter “outrageous drug prices” into Google and you will receive plenty of examples. As reported here, Marathon Pharmaceuticals planned to charge $89,000 per year for its Emflaza brand of the corticosteroid deflazacort. Deflazacort was introduced in 1969 and is available outside the U.S.
Although today high levels of inequality in the United States remain a pressing concern for a large swath of the population, monetary policy and credit expansion are rarely mentioned as a likely source of rising wealth and income inequality. Focusing almost exclusively on consumer price inflation, many economists have overlooked the redistributive effects of money creation through other channels. One of these channels is asset price inflation and the growth of the financial sector.
Earlier this week, the Trump Department of Justice told the mayor of Chicago that it would cease funding grants to the Chicago Police Department that had been approved in the Obama administration because Chicago city officials were not cooperating with federal immigration officials.
[Excerpted from “Harry S. Truman: Advancing the Revolution,” in Reassessing the Presidency: The Rise of the Executive State and the Decline of Freedom, John Denson, ed.]
Rural America continues to be a topic of political conversation. For many journalists and pundits, this focus comes out of a belief that rural America is the primary driver behind Donald Trump’s political base. “Rural Resentment,” for example, is the title of an article last week at Slate which, in its own words “discussed how rural dwellers see city folk.”
I have great news: a brand-new Murray Rothbard book on The Progressive Era. And do we need it!
Could anything be more timely, as we are daily plagued by these enemies of freedom, free enterprise, private property, and peace — indeed of Western civilization itself?
They’ve been doing their termite-like work since the 19th century, to almost constant applause. But now they have to face what could be a knockout blow.
The current counter-revolution against liberty is being fought on a number of fronts in American society. One is on the college and university campuses across the country, where the ideology of “political correctness” is strangling the principle and practice of freedom of speech and the ideal of intellectual controversy and debate.
Critical to this campaign against free expression and open exchange of competing and opposing ideas is the capture of the language through which this campaign has been instigated and the linguistic characterization of its protagonists.
Any time we hear the term “privatize” coming from the usual suspects in Washington, DC we should immediately be suspicious. When this word is used, there’s usually precious little actual privatization going on.
Thus, we should regard the Trump administration’s proposed plan to “privatize” the war in Afghanistan with extreme amounts of skepticism.
USAToday reports:
