Practically all schools of contemporary economic thought recognize that value is subjective. Although mainstream economists merely pay lip service to value subjectivity—and, in practice, treat value as objective so that they can analyze so-called utility functions—it is still a core assumption in modern economic thought.
The middle, compromising stance of those called “centrists” or “moderates” is very often mistaken for a balanced and reasonable position. Little else is worse than an entire world tricked into what rationally amounts to crime, thinking it is balanced, realistic, and optimal. The centrist has become convinced that their middle position is the only fair and just stance, and that anything else is imbalanced extremism. The opportunity to rationally examine these assertions has never been as important as it is now.
The Government of Poland announced this week that it is no longer providing weapons support to Ukraine, and that Warsaw will focus on building up Polish weapons stockpiles instead.
Prime Minister Mateusz Morawiecki said Wednesday, “We are no longer transferring weapons to Ukraine, because we are now arming Poland with more modern weapons.”
The Biden Administration is celebrating the first anniversary of the passage of the Inflation Reduction Act, which allocates trillions of dollars in taxpayer subsidies to industries of their choice. Welcome to five-year plans.
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data last week, and according to the report, price inflation during August accelerated, coming in at the highest year-over-year increase in three months. According to the BLS, Consumer Price Index (CPI) inflation rose 3.7 percent, year over year, in August before seasonal adjustment.
Paid family leave—meaning the government paying or forcing businesses to pay for one or more parents taking time off to spend with a newborn—seems like a slam dunk idea to the Christian Left. According to a recent article in Christianity Today, “Christians Shouldn’t Need a Mandate to Provide Paid Family Leave,” “We should provide the best family leave possible.
Only three months ago, the US debt crossed the $32 trillion mark. Here we are again, this week passing $33 trillion, with still no end in sight. As usual, Democrats are blaming Republicans, Republicans are blaming Democrats, as the political circus in Washington perpetuates a never-ending debt ceiling crisis.
The most recent edition of the US Army War College’s academic journal includes a highly disturbing essay on what lessons the US military should take away from the continuing war in Ukraine.
