One doubts that the so-called Inflation Reduction Act will reduce inflation. However, it will wreak havoc on the US economy with its lethal mix of taxes, regulations, subsidies, and outright crony capitalism.
Argentina is synonymous with hyperinflation, but apparently its voters have not had enough.
Economists often deplore the corruption in developing countries, but when institutions are corrupt, don't expect people to have the incentive to be honest.
Like many modern "conservatives," F.H. Buckley believes that America's future is conservative governance with a helping of government intervention, tariffs, and regulation.
Argentina is synonymous with hyperinflation, but apparently its voters have not had enough.
Economists often deplore the corruption in developing countries, but when institutions are corrupt, don't expect people to have the incentive to be honest.
While the antimarket and antilibertarian forces are strong, it is easy to forget that free market advocates also have a powerful set of tools.
Like many modern "conservatives," F.H. Buckley believes that America's future is conservative governance with a helping of government intervention, tariffs, and regulation.
While the antimarket and antilibertarian forces are strong, it is easy to forget that free market advocates also have a powerful set of tools.
Sen. Joe Manchin has agreed to support a "Build Back Better" lite that proponents claim will reduce inflation, give us better weather, and "pay for itself" through price controls and taxes. Perhaps we should be wary of such political "victories" for the political elites.
