President Trump has recently suggested that, unless Federal Reserve Chairman Jerome Powell cuts interest rates, the president might revert to his The Apprentice days and tell Powell, “you’re fired.”
President Trump backtracked on firing Powell after the president’s comments caused stock markets to fall. However, it is almost certain that President Trump will not reappoint Powell when Powell’s term ends in May.
Substantial parts of the world are at war, the Mideast and Ukraine attract the most attention, but there are others as well. Our traditional foreign policy calls for non-intervention in foreign wars, but even those who do not fully accept this policy should agree on one thing. America should not ship weapons to troubled areas. Wars are bad things, and we shouldn’t make them worse by making it easier to kill people.
Fiat justitia, ne pereat mundus—Let justice be done, lest the world perish. With these evocative words, Ludwig von Mises sets justice at the heart of his treatise on free market capitalism, Human Action.
In order to gain insight into the state of the economy, some analysts utilize consumer and business surveys. Randomly-selected consumers and businesspersons are asked to provide their views about the state of the economy. If a survey shows that the majority of those surveyed express optimism, it is regarded as good news for the economy. Conversely, if the majority of those surveyed are pessimistic, it is taken as a bad omen.
In the pursuit of market-based changes in health care, it is important to pay attention to proposals that are both fundamental and smaller, but represent a step in the right direction. The former category can include the radical deregulation of health care by abolishing monopolistic institutions like the AMA or FDA.
