As the decline of the Rust Belt became increasingly obvious during the 1980s, protectionists attempted to blame the malaise on too little government protection from foreign competition.
Listening to recent commentaries about the repo failures in New York leads one to suppose there is insufficient money in the system. This is not the real issue, as the chart below of the fiat money quantity for the dollar clearly shows.
The idea that governments can’t lower taxes because there is a deficit, but are free to raise all expenses even if there is a deficit can be found in many political manifestos these days. Central planners always see the economic challenges as a problem of demand, and as such cringe at the idea of prudent investment and saving.
It has become almost generally accepted that politicians break their promises. Whether it is to balance the budget or achieve an ambitious goal outlined in their campaign platforms, the electorate already anticipates that they will always fall short of their pledges. By now, we don’t even get angry about it – we’re immune to disappointment.
In Why Not Socialism?, G. A. Cohen presents the scenario of a camping trip to highlight the desirability of socialism as the best form of social organization.
The Productivity Commission (PC) of the Australian federal government has produced a number of reports in recent (and past) years on higher education. These well-researched and well-resourced studies provide an ideal foundation for exploring and explaining the history of, issues in and likely drivers for the “Disaster Down Under” … with possible lessons for the USA.
Clarity is a virtue, and if overlooking critical nuances can mean readers end up more confused after reading one’s work, that’s not very useful, to put things mildly.
The European Union’s objections to Volkswagen’s future factory in a non-EU state reveals that the Brussels bureaucracy doesn’t really want to help poor nations.
