Quantitative methods can't be applied to human action, which is purposeful and not a mere reflex. For this reason, mathematical formulas can only describe events, never explain them.
"Financialization" is the process by which a normal economy is transformed into a fragile economy centered around financial firms. Central banks and government bailouts are to blame.
Central banks are driving asset price inflation in stocks and real estate. That means people holding those assets get richer. But everyone else just gets higher prices.
Markets are not the enemy of equality. Regulated markets are. The income inequality that naturally occurs in the free market as a result of human uniqueness is needlessly amplified by restrictive government policies to the detriment of all.
US aid to foreign regimes helps free governments from having to raise funds from their own people. So, the recipients of foreign aid are likely to become less responsive and more corrupt.
Terrence Malick's new film about conscientious objector Franz Jägerstätter is a subtle film. But perhaps too much so, and we need to look deeper to understand why this one man so vehemently resisted the Nazi state at the cost of his own life.
State agents are wrong when they claim, "If you stay here, you must follow our rules. If you do follow our rules, you have tacitly consented to obey us."
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