We live in a most special world where the sheer magnitude of absurdity in economic theories seems to have no bounds. In recent news, Investopedia, self-proclaimed global leader in financial content, featured a headline:
Federal Reserve Officials Are Worried You’re Getting Paid Too Much
Citing the Fed’s latest board minutes, Investopedia elaborates:
ABSTRACT: The purpose of this article is to investigate the intellectual influences of José Osvaldo de Meira Penna’s arguments on the origins of the Brazilian paternalistic state. As a classical liberal, Meira Penna is easily connected to different schools of thought such as the Chicago, Virginia, and Austrian schools. In his book, O dinossauro, Meira Penna argues that Brazil’s paternalism stems from past constructivist ideas that were imported into the country.
As violent crime rates rise and unsolved homicides become more common, Many ordinary voters have noticed that the regime doesn’t seem especially interested in investigating and prosecuting actual dangerous criminals. At the same time, the regime appears increasingly paranoid about “antidemocratic” activities and other alleged threats to the state. Gangs of thieves cleaning out the inventory of small businesses? The ruling elite isn’t concerned.
The 2024 political circus kicked off in earnest last night with the first Republican primary debate of the cycle. While Donald Trump joined Tucker Carlson on the platform formerly known as Twitter, eight candidates took the stage moderated by Fox News.
This contrast between new and old served as a running theme of the evening.
