Far from being an “automatic stabilizer” that mitigates recessions by engaging in “countercyclical” spending, the welfare state actually makes recessions longer and deeper. Time to acknowledge that fact and do away with it altogether.
President Biden needs an economics lesson.
New York City’s government has imposed draconian rent controls. The natural outcome, as economists note, has been massive shortages, as apartment owners no longer have an incentive to rent empty apartments.
The right to be able to enter into contracts with others is fundamental to free markets and a free society. That means people should be able to engage in discrimination.
Next month, the US Supreme Court will hear arguments on whether New York regulatory authorities can target the NRA simply because of the organization’s political viewpoints.
Activist pro-immigration groups in Great Britain, while being heavily funded by government money, are using that money to stop orderly immigration and replace it with chaos. Taxpayers are not only on the hook to fund these groups, but also bear the brunt of immigration failures.
We may be governed by incompetent elites, but even they have not taken away our free will and ability to think for ourselves. We can look to Mises and Rothbard for inspiration.
Open-borders advocates often point to the alleged openness of borders between the individual states in the USA. However, a closer look shows there are many restrictions most Americans are unaware of.
It is not surprising that some US states are facing large deficits between budgeted spending and incoming revenues. However, state bankruptcies occur when states cannot meet their bond obligations, which have little to do with operating expenses.
In 2024 the Australian senate is establishing an inquiry into Coles and Woolworths, the two biggest grocery retailers in the country.
