The usual suspects from the American and European elites are claiming that Spain‘s recent blackout was the result of unusual weather conditions. In truth, Spain‘s dependence upon renewable energy was to blame.
Centralizing electricity management is probably a mistake. It makes us collectively vulnerable to a single failure or attack and also inefficient.
While focusing on the Holocaust, people often forget the economic fallacies of the Third Reich. Hitler‘s policies were based upon socialism and state control, and no regime can prosper under those conditions.
The sun finally is setting on the world order that emerged after World War II, including the Cold War. This is not for lack of trying by US and European politicians, but they cannot stop the entire apparatus from collapsing under its own weight.
Western Europe has been at peace for the past 80 years. Unfortunately, EU leaders have not appreciated the benefits of peace and look to promoting war. The memories of World War II have faded, but the EU seems determined to create new bad memories.
The central bank monetary shenanigans in both Europe and the US no longer can be ignored or covered up. Unfortunately, as their economies falter, the Fed and the European Central Bank will resort to even more financial trickery to cover for previous monetary foolishness.
Was Russia provoked into the war in Ukraine? Certainly. However, gaslighting was involved as well.
Frederic Bastiat is an often unsung hero of 19th-century economic thought. His lessons on freedom and trade are timeless and what he wrote nearly two centuries ago is still relevant today.
The New York Times recently ran a detailed report on US involvement in the Ukraine-Russia war and—surprise!—the Biden administration regularly lied to American voters about the extent of the US military presence.
Britain‘s new populist party, Reform UK, has done well in the polls but is embarking on head-scratching proposals to deal with energy issues. Instead of pushing market reforms, RUK is proposing a mix of subsidies, taxes, and prohibition to respond to high energy prices.
