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High time preferences also mean high times in a party atmosphere. When Jamaica embraced socialism many decades ago, it wasn't supposed to come to this.
Governments are demanding there be "proportional" representation of women in professions that women historically have avoided. Those efforts will be unsuccessful.
The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.
Central BanksThe FedInflationCapital and Interest Theory
The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates.
The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases.
Roman keynesianism that ruined the empire and destroyed the Roman economy.
Bureaucracy and RegulationFree MarketsHealthProgressivism
Progressives are quick to blame escalating healthcare costs on free markets, yet it's government rules and policies that are responsible.
Central BanksGlobal EconomyInflation
Pakistan, like so many other countries, is seeing inflation close to spiraling out of control. As for finding causes, monetary authorities should look in the mirror.