Thanks to the COVID-19 panic this year, graduates at America's institutions of higher education missed the "opportunity" to be lectured by some celebrity or politician about the importance of "giving back" to the community, or being yourself, or following your dreams.
"The power of collecting and disbursing money at pleasure is the most dangerous power that can be intrusted to man. You will very easily perceive what a wide door this would open for fraud and corruption and favoritism, on the one hand, and for robbing the people on the other."
The history of bailouts in the United States is a record of broken promises and growing moral hazard.
Dr. Marilyn Singleton joins the Accad and Koka Report to discuss the deleterious effects of race victimization manifest today.
The Left continues to attack classical liberalism (although they now call it "neoliberalism") precisely because it's the liberal ideology that continues to provide the most consistent opposition to the leftist program. If liberalism had failed, the Left wouldn't still be attacking it.
Like during the 1930s, governments are turning to new programs and schemes that will only prolong the crisis and makes things worse.
Did the hardliners win at Versailles because the Americans were too weak with the flu to object? If so, it would be just one way that disease profoundly affected public policy in the wake of the 1918 flu.
When the current panic and crisis began, we were already in the late stages of a long asset price bubble. The crisis has exposed the fragility of the current system and we won't be going back to where we were before.
If current political and economic trends continue, the 2020s will usher in a new period of drastically increased government activity and regulation of the economy.
Murray Rothbard’s number one rule in an economic crisis is for the government not to interfere with the market’s adjustment process. Doing so will only perpetuate the crisis.
