If the current thinking continues, the world’s central banks will buy whatever paper governments issue. The result by the end of the decade will be a Federal Reserve balance sheet totaling $40 to $50 trillion.
The feds claim the chicken industry is trying to exploit the consumer. Yet several decades ago, chicken was more expensive than beef, but thanks to industry efforts, chicken is exceptionally affordable now.
Private property is not a privilege merely of the property owner, but a social institution for the good and benefit of all, even though it may at the same time be especially agreeable and advantageous to some.
It’s not enough to evaluate the short-term consequences of a policy for one small group. If you want to know the long-term consequences or the real consequence of it, you look at the long-term effects on everybody.