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U.S. HistoryWorld History
It is one thing to follow the law for prudential reasons and another thing entirely to assume the law brings with it some sort of moral imperative. Laws rarely do.
The Nazi economy reduces entrepreneurs to the status of shop managers. The government tells them what and how to produce, at what prices and from whom to buy. Private property is de facto gone.
Under PM Mario Draghi, the Italian government has issued new edicts designed to make life even more difficult for anyone who doesn't comply with every aspect of the state's covid regime.
Often the biggest barrier secession movements face is the widely held (and ludicrous) belief that our current set of lines on a map are sacred and must be preserved.
Booms and BustsThe Fed
Contractionary monetary policy may be necessary to slow the rise of inflation, but the recessionary results of this remind us why the Fed's inflationary policy is so dangerous.
Money and Banks
Crack-up booms have historically facilitated the growth of authoritarian political movements. This is not inevitable. But we do need radical change to today's fiscal and monetary disasters.
If you believe in Austrian economics, freedom, and peace, join the Mises Institute in our crusade against statism in all its many forms.
During November, average hourly earnings increased 4.8 percent, year over year. But with inflation at 6.9 percent, earnings aren’t keeping up. Meanwhile, the Fed will do little for fear of spooking Wall Street.