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Hard-left "democratic socialists" think they figured out how to make government planning possible: use prices. But there's a problem in their argument: prices are impossible without markets.
The radical nature of anti-climate-change measures require promises of a near-total apocalypse in the near future. But the date for the promised disaster keeps getting pushed back.
When a capitalist invests in a business — thus increasing worker productivity and earnings — he's performing a humanitarian service to the community.
Obama's "I’ve got a pen and a phone" has perhaps found its equal in Trump's declaration of national security designed to make it even easier for him to spend taxpayer money.
Taxes and Spending
Usually, in the marketplace, the billionaire gets his billions when he provides a service that enormous numbers of people are willing to voluntarily pay money for.
Jeff Deist joined CrossTalk yesterday to discuss the influence of neoconservatives like John Bolton on Trump's foreign policy. Things get heated with another guest when Jeff questions the dubious "War on Terror," the enormous US...
MMT: A recipe for inflation, capital consumption, and higher time preference.