Progressivism

Two days before Christmas, 1913, the infamous "creature from Jekyll Island," the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since.

University of Chicago professor Martha C. Nussbaum wants to save the world by preventing animals from eating each other in the wild. David Gordon (after pulling himself off the floor) comments on her proposal.

Progressives demanding that the government forgive student debt forget that student loans were made voluntarily by students that promised to pay back what they owe.

Modern progressives are not "reformers." Instead, as Murray Rothbard wrote, the progressive method is to seize control of the state and impose their own agenda on everyone.

Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.

Public health agencies tend to be treated like authoritative sacred cows. In reality, they have politicized health policies to the point where they really are a health hazard.

Forty years ago, American politicians claimed that Japanese economic success was due to government economic planning. Unfortunately, the myth of industrial policy never seems to die, no matter how many times it is discredited.

More than sixty years ago, Mao launched the disastrous Great Leap Forward. Progressive elites today are trying to force GLF II in the form of the Great Reset. If implemented, it will be even more disastrous than Mao's original folly.

Federal budget deficits are increasing, but the Biden administration shows no signs of restraining its spending. This is not going to end well.

When speaking of government actions, Einstein's alleged definition of insanity comes to mind. But no one does exactly the same thing twice, per Heraclitus. In the end, however, government action is doomed for failure.