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Booms and Busts
The Fed is dumping cash into Fannie and Freddie which is helping investors buy up more trailer parks.
All goods and services are scarce, and government intervention has never changed this reality. The scarcity of water is nothing new, nor is it an impossible conundrum for markets.
Big GovernmentCentral BanksDecentralization and SecessionThe FedGlobal EconomyInflationUnemploymentInterventionismPolitical Theory
Millions of Americans have no conception of economics, and simply don’t believe tradeoffs exist.
Wilhelm von Humboldt ’s opposition to the reactionary policies of his government gained him as much ill-will at court as it did popularity among the people.
Money and Banks
The Fed’s apparent plan to somehow get to full employment and then deal with inflation sounds nice, but reality could easily derail the plan. Meanwhile, job growth is low and prices are rising.
Cronyism and CorporatismU.S. History
Virtually all of the specific economic policies advocated by the Italian and German fascists of the 1930s have also been adopted in the United States in some form, and continue to be adopted to this day.
Price inflation isn't a simple function of increases in the money supply. Rather, it depends on many other factors such as public expectations of future inflation.
Expropriating private property or mandating price controls might feel like "doing something," but only market action brings real relief to disaster-prone areas.