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In most economies, inventories are valued at market prices, while in China they are valued by the authorities and adjusted later. This is just one of many ways China manipulates GDP data.
Philosophy and MethodologySubjectivismValue and Exchange
Interpersonal utility can't be measured. After all, if you can't measure a single person's utility, it makes no sense at all to measure one person's utility against that of another.
Media and CultureU.S. History
Without the culture, the life, the hum, and the energy of the city, without the shopping and walks, the theater or a ball game, city life now has all of the costs and none of the comforts.
"My definition of social justice: I keep what I earn and you keep what you earn. Do you disagree?...how much of what I earn belongs to you—and why?"
Private firearms ownership decentralizes coercive power, transferring some of it from the state to the private individual. Naturally, political regimes oppose this. But even many non-Americans embrace private arms.
Not only is taxation theft, but by taking away part of the money you earn, the government is forcing you to work for it.
Researchers have suggested for years that "pathogen prevalence" can be used to predict the public's embrace of despotism.
Taxes and SpendingPolitical Theory
The slogan "taxation without representation" implies that taxation with representation is both possible and moral. But the idea of political representation is fraught with errors.