The State Does Not Create Value-Enhancing Jobs
For all of the claims that governments “create jobs,” in reality, government jobs come at a greater cost than any value those jobs may create. Government jobs are a burden to the economy.
For all of the claims that governments “create jobs,” in reality, government jobs come at a greater cost than any value those jobs may create. Government jobs are a burden to the economy.
Many small colleges are shutting their doors, and it is largely the fault of overexpansion, government protectionism, and bureaucratic infiltration.
Elites portray CBDC currency as a helpful high-tech alternative to cash and current electronic money. But CBDCs are really little more than a tool for total state control of the economy.
When governments seize private firms in the name of nationalization, the moves are usually politically popular. However, it doesn't take long for the nationalized firms to turn into a financial black hole.
Should Trump’s call for “unity” result in further moderation of his politics, the result could ultimately still provide a win for the regime that either desired his death or was at least disinterested in preventing it.
Instead of the usual claptrap that characterizes most graduation speeches, someone needs to give a speech that defends liberty and tells the truth about government and capitalism.
For all of the media ballyhoo about the CHIPS Act, it really is a page out of the old five-year plans from the Soviet Union. The CHIPS Act will have the same success as befell the Soviets.
While President Biden’s inflationary economy continues to falter, the president proposes to outlaw bank overdraft fees, ostensibly to help lower-income Americans. Bank fees, however, are not the biggest threat consumers face; inflation and intervention are the real threats.
The current explosion in rental and home prices is the direct result of government intervention aimed at making it easier to buy a house. Mises wrote that government intervention into the market tends to make things worse. He was right.
What began as supposedly a free trade union has been turning into an authoritarian, interventionist nightmare. A recent speech by a top European Union commissioner shows the sad direction the EU is heading.