America is draining its economy by federal debt in a way similar to how American farms and cities are emptying the nation's aquifers. We cannot sustain these losses much longer.
While China achieved strong economic growth in the post-Mao years by allowing free markets to work, the Communist leadership wants to return the economy to its old socialist ways. However, while the government can give fake growth numbers, it cannot reverse socialist failures.
Government-run medical systems are always touted by political elites, who usually take advantage of private care themselves. It is time for everyone else to have access to the same system.
A Cato Institute associate has declared the development of the covid-19 vaccines to be a free-market “triumph.” The only thing that has triumphed in this sorry episode has been the rapid growth of coercive government power.
The Biden administration claims it wants to get out in front of the development of artificial intelligence. However, the likely scenario is that AI will leave government regulators in its wake.
Governments regularly suppress freedom—yet few complain. One wonders if Stockholm syndrome is at work.
After an earlier article by Zachary Yost on a call by military “experts” to reinstate the military draft, the authors of the original paper are trying to back off on their original recommendation. But there is no doubt as to what they want the government to do.
As President Biden mulls mandating commercial passengers to have Covid vaccinations, perhaps he should remember that his move would increase the death rate from traffic accidents as more people eschew flying and take to the open road.
On this episode of Radio Rothbard, Ryan and Tho are joined by Peter St. Onge, an economic fellow with the Heritage Foundation and frequent Mises Wire author.
Progressives claim that perhaps individual freedom might be appropriate for a simpler society but that as society grows more complex, the need for government grows. As Leonard Read pointed out, however, greater complexity requires greater freedom, not less.
