Raising the debt limit will only delay the inevitable while courting fiscal and monetary chaos: higher interest rates, cuts to social programs, a declining dollar, and price inflation.
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In the face of an “invisible enemy,” many Western nations have implemented emergency measures that were once considered dystopian and wholly incompatible with liberal democracy.
Let's stop pretending default is unprecedented. The US defaulted on debts in 1934 and again in 1979. Today it engages in de facto default through financial repression and monetary inflation.
As inflation becomes more obvious, governments will be blaming businesses for causing the inflation that policymakers have fueled. This is a step on the way to price controls.
As US military interventions continue across several continents, we should remember that much of US foreign policy is little more than cleaning up messes the US created.
Justin Trudeau won with a weak "victory" in Canadian elections last week, but he nonetheless claimed a "mandate" for vaccine passports and huge increases in federal spending.
The new "2 percent average" standard from last year helped the inflationists, but there are now calls for scrapping the "too low" 2 percent inflation limit altogether.
The FBI’s power and federal legitimacy are far more tenuous than Washington recognizes. Beyond the nation’s big cities, federal authority hinges largely on the consent of local citizens.
Moyn fears that "humane warfare" along with programs of global surveillance, would subject the world to hegemonic control by one or a few dominant superpowers.
The example of England in the Industrial Revolution suggests enormous amounts of innovation and growth can be achieved even without high levels of education among the general population.
Despite all the data we have on lockdowns, hospitalization trends, and newly emerging vaccination data, one can only marvel at how trust in the public health system and ruling elite can persist in any capacity.
A euro collapse, rather than gas prices and bottlenecks, is the most likely source of sustained high CPI inflation in Europe following the Merkel era.
An economic depression is not caused by a decline in the money supply per se, but results from a shrinking pool of savings made possible by a previous bout of monetary inflation.
When asked, "'I’ve recovered from covid, is it absolutely essential that I get vaccinated?' many public health officials have put aside the data and responded with a synchronized 'yes.'"
The Feds are sitting on a huge pile of decaying buildings. A private business would sell these off, but this task is apparently too difficult for federal bureaucrats.
As with economic policy to "cure" recessions, the authorities’ health response is good at crippling markets, but never delivers what is promised.
The fact that NOTA is not a genuine, nonsymbolic ballot option proves that the political class merely pays lip service to the concepts of integrity and the will of the people.
In the age of covid, governments have decided to embrace a new kind of policy: they'll hold the population hostage until the public complies with what the state wants.
It will come as yesterday's news that the speculator is perennially under attack by the social justice warriors. Yet speculators serve a crucial and valuable role in surviving economic disasters.
Some fed officials simply shrugged off what was an obvious conflict of interest when they traded stocks and real estate holdings while making policy. The rules don't apply to central bankers.
