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Antiracist training involves confessing one’s thought crimes, reporting on friends for "wrong ideas," and other "reeducation" methods familiar to the Stalinists of old.
Is China's property bubble signaling a crisis? The current property market turmoil originates in regulatory action to reduce financial leverage and it may not lead to a full-fledged financial meltdown.
Booms and BustsCentral BanksKeynesTaxes and SpendingBusiness CyclesInterventionismMoney Supply
Keynesian orthodoxy claims government can successfully counter recession through "expansionary" policies. To the contrary, these policies increase the danger to the economy.
Big GovernmentThe Police State
Prime Minister Justin Trudeau's heavy-handed crackdown on the protesting truckers and their supporters has exposed a larger agenda of illiberalism by Western governments.
Canada is now freezing the assets of people who dare to protest government power. When the government controls the money and the financial system, human rights mean very little.
Some of the government authoritarians in Ottawa and DC may think they have the upper hand at the moment. As usual, government authoritarians are very shortsighted.
War and Foreign Policy
Sticking to Cold War–era assumptions is a recipe for a suboptimal foreign policy, which could increase the probability of the US stumbling into a disastrous war of choice.
Labor and Wages
Opponents of markets claim that worker wages have not kept up with worker productivity. This incorrect claim is based on two mistakes in estimating wages.