In his book, The Ultimate Foundation of Economic Science, Ludwig von Mises rejects the “mythology of methodological collectivism.” Collectivist mythology supposes that because humans are members of groups and form themselves into societies, human action is best understood as “social action.” Collectivists explain individual choices—or the historical events in which

Last week, we examined how half of the new jobs added in June were government jobs, according to the official data. It was the weakest month for private-sector jobs in nine months. We also saw that unemployment claims last month reached the highest levels since 2018 (ex covid). 

Retail sales were down for May with the AP reporting, “The figure was pulled down by a steep drop in auto sales, after Americans ramped up their car-buying in March to get ahead of Trump’s 25% duty on imported cars and car parts. Excluding autos, sales fell 0.3% in May.”

There is almost complete unanimity among economists that the most important role of the central bank is to attain price stability. Allegedly, the policy of price stability promotes economic growth and individual well-being.

Israel is a nuclear armed state! Some claim it has 90-400 nuclear warheads and has not signed the Treaty on the Non-Proliferation of Nuclear Weapons (NPT). One Knesset Minister revealed the truth of their military nuclear arsenal.