Now for another failed UK policy: Conscription
On the 11th of June, Rishi Sunak’s Conservative Party stunned the United Kingdom by officially declaring in their 2024 election manifesto that, if reelected on July 4th, it would pass legislation to reintroduce “mandatory national service”
Video Games and Austrian Economics
Let’s have State Appreciation Day!
“Realism requires we recognize that the ruling classes and the US government have no durable community and no internal integrity. The state is a pirate gang writ large. It is unified by criminal circumstance, functions by fear and tribute, and is surrounded by enemies who would see it stripped, drawn and quartered at first opportunity. It’s almost enough to make one pity the state and mourn the ruling classes!” — Karen Kwiatkowski
Cronyism in America: The Nation’s First Big Business
The Fed is holding interest rates steady. This won’t last much longer.
The Federal Reserve’s Federal Open Market Committee (FOMC) announced today that it will maintain the current target policy interest rate (the federal funds rate) of 5.5 percent. The committee has now held the rate at this level since the end of July 2023.
According to the FOMC’s press release:
