And Now for a Really Bad Response to Political Calamity: Autarky
The world is in chaos, so politicians MUST do something. Hence, they demand autarky, which is like attempting to put out a fire by pouring gasoline on it.
The world is in chaos, so politicians MUST do something. Hence, they demand autarky, which is like attempting to put out a fire by pouring gasoline on it.
From globalization to sanctions, to international institutions like the UN, the US is leading a small global fragment that's little more than NATO and a handful of friends. Meanwhile, two-thirds of the global economy isn't signing on.
Prince William and his wife Kate Middleton recently concluded their tour of the Caribbean to celebrate the Queen’s platinum jubilee.
In the debate on economic growth people usually confuse education with human capital - but there is a stark difference because the latter refers to
The Biden administration in its desire to "save" the planet from climate change has decided to destroy one of this country's most productive and important industries in the process, putting the US economy itself in jeopardy.
The usual "experts" claim inflation is a general increase in the price level. Wrong. Prices rise because of inflation, which is a government-caused increase in the amount of money in circulation.
Decade after decade, he fought militarism, protectionism, inflationism, every variety of socialism, and every policy of the interventionist state, writes Ralph Raico.
Since Donald Trump was elected in 2016, populist currents have swept across the American Right.
Advocates of modern monetary theory promise a cornucopia of goods and jobs if only the government has the "courage" to print money at will. Sound economic analysis, however, exposes MMT as fraudulent.
It is theoretically possible that through huge gains in productivity, the US could escape inflation and stave off a recession. But don’t count on it.