The Economics of Arts and Culture
Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.
Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.
Washington elites and especially their media have denounced what they once praised: leaking of official documents that show the government has been lying.
Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world.
Official Washington and its Court Media are up in arms that someone has told the truth via leaking government documents. They won't rest until he is punished severely.
American politicians are beating war drums. They forget that bad relations are costly in many ways.
As markets settle down after the last set of bank failures, political elites claim the crisis is behind us. But it is not over, not by a long shot.
Justice Oliver Wendell Holmes famously claimed that taxes were the price people paid for civilized society. The problem is that taxes themselves are antisocial.
Although equality and "equity" are modern buzzwords, the only way to reach such a social nirvana is through violent means. Do we really want to go there?
Not only does the Great Reset promise us better weather and happiness (while owning nothing), it also promises to transform humanity itself. Some of us are not so sure.
What does a young man just out of high school face in our woke, politicized society?