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Cronyism and CorporatismEconomic PolicyMinarchyProgressivism
An unfortunate consequence of increased wealth is the growth of the parasitic consumptive class of political and cultural elites. Labor migrations often follow in the wake of damage that elites do.
Booms and BustsThe FedFinancial MarketsU.S. Economy
As the federal government continues its Ponzi scheme of issuing debt to pay for past debts, interest rates will increase to the point where this no longer is a tenable strategy—if it ever was.
Big GovernmentCronyism and CorporatismMedia and CulturePolitics
A Cato Institute associate has declared the development of the covid-19 vaccines to be a free-market “triumph.” The only thing that has triumphed in this sorry episode has been the rapid growth of coercive government power.
Money and BanksU.S. Economy
Data on employed persons, wages, and other measures point to trouble ahead in an economy already strained by growing bankruptcies, mounting debts, and disappearing savings.
War and Foreign PolicyWorld History
In the aftermath of Hamas's taking hostages in its conflict with Israel, the question arises: Who pays the ransom? State-financed payments lead to the worst outcomes and create moral hazards.
AntipoliticsMedia and CulturePhilosophy
One way to combat intellectual atrophy is to learn from Ibram Kendi’s mistakes and do the opposite.
Bureaucracy and RegulationFree MarketsHealthPrice Controls
Nobel Prize winner Angus Deaton claims that the free market cannot provide adequate medical care. Of course, he goes on to describe government failure but calls it a free market.
Big GovernmentBureaucracy and RegulationDemocracyThe Police State
Governments regularly suppress freedom—yet few complain. One wonders if Stockholm syndrome is at work.