Price controls, higher taxes, government intervention, and subsidies paid for by printing a constantly devalued currency.

These are the essential pillars of “21st century socialism” and the radical left Peronism that obliterated Argentina. These are also the main elements of the economic plan presented by Kamala Harris and the Democratic Party. Undoubtedly, this is the most radical socialist economic plan ever announced by the Democrats.

Fed Chairman Jerome Powell held a press conference at the annual Jackson Hole economic conference today, and he all but said that a September cut to the federal funds rate is a done deal: “The time has come for policy to adjust. The direction of travel is clear.”

Naturally he threw in the usual propaganda phrases about how the Fed is data driven. He continues: “the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.”

As the saying goes, “Personnel is Policy.” President Trump learned this the hard way, depending heavily on the very Washington, D.C. swamp creatures whose swamp he sought to drain. George W.

Democrats didn’t even bother to wait for their 2024 National Convention in Chicago to appoint their replacement presidential candidate, Kamala Harris, and to tout the new economic planks to be added to the party’s platform.

Praxeological Ethics: An Inquiry into the Nature and Foundation of Ethics

by J.W. Rich; (Independently published, 2024, 153)

I met J.W. Rich when he was a student last month at Mises University, and he mentioned to me that he was working on a book about praxeological ethics. He has now sent me the book, and it is very impressive indeed. It is remarkable in its scope, and in what follows I’ll indicate some points of the many insightful points in the book as well as a few places where the argument moves too quickly.

A July poll shows that a majority of the American public does not support sending U.S.

The totem words and adjectives we use to describe Israel, a perverse and pornographically murderous society, fail. One day flows into the next, each indistinguishable in the level of sadistic torture and carnage dreamed up by the IDF Einsatzgruppen.

In 301 AD, Roman emperor Diocletian implemented price ceilings on over 1,200 goods. The silver coinage had been debased over the past 250 years, and the citizens were understandably unhappy about high prices. In 50 AD, each denarius had about 3.9 grams of silver, but then the empire debased the coins, sometimes in dramatic steps and sometimes more slowly. By 125 AD, the coins had less than 3 grams of silver. By 200 AD, it was less than 2 grams.

“Having to manage a complex home produces a deadweight loss to both society and the individual.” - John Tamny and Jack Ryan (2024)