Americans spend billions of dollars on treating heart disease. Prevention is cheaper, but thanks to perverse government incentives, preventing heart disease takes a backseat to medical spending.
When the Soviet Union collapsed more than thirty years ago, US and European political elites sought to isolate and threaten Russia. The result has been war, destruction, and death, none of it necessary.
We like to think of the "deep state" as a conspiratorial entity. In reality, the term describes much of what the federal government does in broad daylight.
The Federal Reserve has yet to get price increases anywhere near its own arbitrary 2-percent goal, but a mild slowing in growth rates has Biden claiming that price inflation is "falling."
Government and monetary authorities claim that the worst of the postcovid lockdown disruptions are past and a "return to normal" is just around the corner. It will be a very long corner.
Poplular history says that massive government spending—made possible by ending the gold standard—ended the Great Depression. As usual, popular history is wrong.
