Mark Hendrickson is Adjunct Professor of Economics at Grove City College.
Bureaucracy and RegulationMoney and BanksTaxes and Spending
MMT boils down to government using its monopoly over money to dictate and control production, obliterate free markets, suppress private enterprise, and impoverish the people.
Wishing people had higher wages doesn't change the fact that it's impossible to make people richer by merely passing a law. Workers can only sustainably be paid more if they produce more. Fortunately, markets offer an answer to this problem.
Sadly, the practice of branding political opponents as “insane” is not confined to the now-defunct Soviet state.
Bureaucracy and RegulationTaxes and Spending
Clearly, the proposal for increased usage of E15 is a government subsidy to corn growers and the ethanol industry.
We're clearly better off than our grandparents in many ways. But now we have to be sure not destroy the progress that's been made.