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There's now no difference between monetary policy and other government programs designed to prop up firms, industries, and other favored groups. The Fed is simply another government planning agency.
SocialismPhilosophy and Methodology
The weird thing about dialectical materialism is that Marx seems to have cobbled it together from two philosophies that contradicted each other.
Big GovernmentU.S. HistoryPolitical Theory
Governments often demand that you "ask what you can do for your country," but those governments never guarantee us anything in return for our sacrifice.
InflationMonetary TheoryOther Schools of Thought
Price inflation is so difficult to predict, because there are so many moving parts: money supply, demand, money velocity, and supply of goods and services.
Big GovernmentDecentralization and Secession
Although national tragedies tend to bring a country together, it seems clear that the coronavirus will leave America as divided as it has been in modern history.
With such chaos, confusion, and incompetence playing out, it is little wonder that more and more Pennsylvanians are refusing to obey lockdown decrees.
Free MarketsGlobal EconomyTaxes and Spending
Decades of Keynesian policy have crippled the Japanese economy. Only a turn toward free markets offer a real way out.