Exponential Growth or State-Powered Stagnation: What Will Be Our Future?
There is a future of capitalism with higher living standards for all. Then there is the alternative: state-directed economic stagnation and runaway inflation.
There is a future of capitalism with higher living standards for all. Then there is the alternative: state-directed economic stagnation and runaway inflation.
Just like the USA, Mexico is being hit with high inflation. This should surprise no one, given the Mexican government's recent economic policies.
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.
All too often, libertarians have equated liberty with atomistic behavior while treating private institutions with scorn. This just in: private institutions are cohesive, not destructive.
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.
The news that Starbucks is closing sixteen stores due to customer safety concerns exposes the lack of police protection in cities and the problems with allowing noncustomers to remain in stores.
The government of the United Kingdom is using coercive means to promote its dubious goals of "diversity and inclusion." In the end, freedom recedes while state power increases.
Mention Rastafarianism and most likely reggae, dreadlocks, and Bob Marley come to mind. However, Rastafarianism helped downtrodden Jamaicans resist the oppressions of colonialism.
Names like Menger, Böhm-Bawerk, Wieser, Hayek, and Rothbard are well-known to adherents of the Austrian school of economics. Emil Kauder isn't one of those names, but Murray Rothbard brings his contributions to Austrian thinking to light.