Ginning Up a Fake China Threat
Critics of the increasingly bipartisan consensus of conflict with China face a difficult task.
Critics of the increasingly bipartisan consensus of conflict with China face a difficult task.
Suppose an addict had the ability to magically create, ex nihilo, his own stimulating drug, as fractional reserve banks can do with money and credit. Would you expect moderation?
Advocates for more military spending tell us the taxpayer must pay to expand the US's nuclear arsenal. Because of China. In truth, the US's arsenal is in no danger of not "keeping up."
Central banks usually don't admit their guilt in the destruction of money, but the Bank of England unwittingly comes clean.
Keynesian economists claim that cutting costs in a business slowdown is counterproductive. As usual, the Keynesians have it backward.
Western governments seem to relish a clash with Russia, despite the specter of nuclear war. If so, it will be a conflict built on government lies.
Most socialists are not misguided about how to have a prosperous economy, for that is not their goal.
The latest from the world of social media is the role of "influencers." There is a perfectly good economic explanation for their popularity.
Canadian politicians tout their healthcare system as morally superior to private medicine. There is nothing moral about relegating thousands of people to death each year for lack of medical care.
“Economic power,” then, is simply the right under freedom to refuse to make an exchange. Every man has this power. Political power, on the other hand, is something very different.