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Booms and BustsEconomic PolicyThe Fed
The most popular measure of economic growth is GDP. However, GDP movement is driven by changes in the money supply, not real economic factors.
Cronyism and CorporatismEconomic PolicyMedia and Culture
In their attempts to remake the economy, progressive elites are pushing ESG. What they forget is that the economy runs on real things, not ideology.
Economic PolicyHayekU.S. HistoryWar and Foreign Policy
Perhaps the most pernicious Keynesian myth is that a market economy needs wars in order to keep full employment. Wars don't stimulate the economy; they depress it.
AntipoliticsDemocracyEconomic PolicyWar and Foreign Policy
Low rates of military reenlistment in the USA are spun as a near crisis. Perhaps this situation should make us more optimistic about our future.
Ever since the Luddites rampaged through British textile factories in the early 1800s, people have feared that technology will result in mass unemployment. They were wrong then and are wrong now.
Cronyism and CorporatismDemocracyEconomic PolicyProgressivismTaxes and SpendingU.S. Economy
It's popular for politicians to claim they will never cut Social Security. But doing nothing now about the program means imposing an even larger hit on seniors in the future.
Economic PolicyFree MarketsProtectionism and Free Trade
President Biden's recent call to "buy American" is doomed to failure, just like all other protectionist schemes.
"Woke" is not "fighting racism," no matter how it is phrased. It is about undermining a society and its economy, declaring our social and economic institutions as illegitimate.
Economic FreedomEconomic PolicyTaxes and Spending
If taxes are used for "charitable" purposes, does that justify taxation?
Economic PolicySocialismWorld HistoryEntrepreneurship
In 1991, India's political leaders moved away from socialism, embracing markets and improving the economy. But Indian elites continue to push socialism to the detriment of the people.