Green Myths and Hard Realities: Sri Lanka as a Warning
While renewable energy and organic farming are considered sustainable, they're anything but. The collapse of Sri Lanka's green agricultural sector is a warning to the rest of the world.
While renewable energy and organic farming are considered sustainable, they're anything but. The collapse of Sri Lanka's green agricultural sector is a warning to the rest of the world.
The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.
Populists on the right (and left) are claiming that American prosperity came about because of high protective tariffs. But political rhetoric can‘t replace sound economics.
Even though the Fed has been inflating the US dollar with impunity, neither the yen nor the euro can challenge the USD.
People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking.
Just like the USA, Mexico is being hit with high inflation. This should surprise no one, given the Mexican government's recent economic policies.
There is a future of capitalism with higher living standards for all. Then there is the alternative: state-directed economic stagnation and runaway inflation.
Sen. Joe Manchin has agreed to support a "Build Back Better" lite that proponents claim will reduce inflation, give us better weather, and "pay for itself" through price controls and taxes. Perhaps we should be wary of such political "victories" for the political elites.
Fresh off destroying the agricultural economy of Sri Lanka, the Great Reset crowd now is urging people to eat insects in order to combat the food shortages that the self-appointed elites have caused.