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The fact that prices are rising in a pandemic crisis is not a sign of success. It is evidence of central bankers' miserable failure and hurts every consumer who has seen revenues collapse by 10 or 20 percent.
Bureaucracy and RegulationEconomic FreedomTaxes and Spending
As we face a second wave of coronavirus outbreak in Europe, we know that the March measures and aggressive lockdowns were a grave mistake.
Bureaucracy and RegulationLabor and Wages
Eurozone unemployment would be close to 11 percent if we used the same calculation as the United States.
Free MarketsMonetary Policy
Politicians have ignored the threat to small businesses that are failing not because their owners used the wrong strategies, but have been destroyed by the misguided and ineffective forced shutdown.
Decentralization and SecessionStrategy
In Brazil the most effective reforms seem to be accumulating at the state and local levels. There has been real success in pushing back against tax increases and more.
Labor and WagesTaxes and Spending
The best social policy is one that supports job creation and rising wages. Entitlements do not make a society more prosperous, and ultimately drive it to stagnation.
Financial MarketsGlobal Economy
The United States currency has only really weakened relative to the yen and the euro, but that depends on optimistic expectations of a European and Japanese economic recovery.
Booms and BustsInflationFinancial Markets
Liquidity only disguises risk; it does not resolve solvency issues driven by collapsing cash flows while costs remain elevated.