The sanctions against Russia have the potential to spiral into something much larger. Indeed, many governments are using the current conflict as an opportunity to further push "green energy," rearmament, and other big-spending schemes.
After all the romanticizing about democracy and voting, in the end, we are still left with the sad fact that the worst always find their way to the top.
Society has never moved beyond inflationism as a monetary policy. Perhaps that’s why every new generation of economic wizards conjure up inventive names to describe their Magical Monetary Techniques.
Those responsible for locking down much of the US during covid blame the pandemic itself for the economic and social havoc that followed. Perhaps they should look at the lockdowns themselves.
Lenin called World War I a war among the capitalists of Europe. He was wrong. It was a war among oligarchs, statists who extract wealth from legitimate economic activity at the barrel of a gun.
While Hilary Putnam was not a friend of free-market economics and remained a socialist throughout his life, he made important contributions to the subject of ethics.
Despite assurances from politicians and the media, the Federal Reserve System is not a collection of geniuses who stand guard against inflation and recession. Instead, think of the Fed policy makers as the Keystone Cops of central banking.
Trying to understand the Russian invasion of Ukraine from the exclusive viewpoint of modern Western democracy is to ignore the long history of authoritarian leadership in Russia.
For most of my life, twice a week everyone would get free newspapers that ran stories but that existed to sell ads.
By “kill,” I don’t mean murder. For this to work, you need to execute him for some “crime” and as the result of some “legal” process.
