While politicians and bureaucrats always claim to work in the "public interest," the rewards they gain for making bad economic decisions are more important to them than any satisfaction they get from supposedly "serving the people."
For more than a century, elite progressives have imposed draconian measures to curb population growth, which they said would destroy the earth. The population has grown, but the earth seems to be doing quite well, thank you.
While Ludwig von Mises wrote in favor of democracy, his support for it was utilitarian at best, and he certainly did not have a near-religious affinity for it. Mises saw democracy as a means to peacefully transfer political power, period.
Despite the usual cheerleading from the Biden-supporting mainstream media and academic economists, the US economy is in trouble, and everything Biden is doing makes things worse. Harder times are coming.
California’s legislature wants to combine the idea of two-part price discrimination with a soak-the-rich mentality in charging for utilities. What possibly could go wrong?
Congress and the courts have eviscerated the Constitution to empower police dogs. The injustices are massive, but the authorities don't care.
When the government wants to make something more affordable, that usually means new subsidies, laws, and regulations that drive up the real price. Higher medical prices will mean more medical bankruptcies.
For the past fifty years, Nigeria’s government has required young people to “serve” for a year under the National Youth Service Corp. This more resembles slavery than service.
Bolivia has been mired in poverty, hyperinflation, and state control of the economy for generations. It is time for a change, and the Alasitas Fair is leading the way.
The world is full of scraps of paper today.
