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The Police State
If lockdowns now seem to be receding, it's because policymakers fear another round of lockdowns would be greeted with resistance rather than obedience.
"Politically there is nothing more advantageous for a government than an attack on property rights, for it is always an easy matter to incite the masses against the owners of land and capital."
LiberalismMedia and CultureSocialism
What kind of liberalism are we talking about?
Cronyism and CorporatismPoverty
There are two kinds of inequality. One develops as societies innovate and become more productive. The other kind results from government corruption and intervention.
A rising price of gold and silver in US dollars, euros, Chinese renminbi, Japanese yen, etc. means this: the higher the price of this precious metal, the lower the exchange value of official currencies.
Global EconomyProtectionism and Free Trade
GDP is not a useful measure of the material prosperity of a nation, and the way GDP is measured tends to hide the benefits of free trade.
Financial MarketsMonetary Policy
Our current position on debt seems to be akin to saying the only way to keep from drowning is pouring more water over the victim.
China’s “new infrastructure” will likely be but one more example of the false promise of technology as an antidote to the irrationality of state-controlled economies.