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Cronyism and CorporatismThe FedU.S. Economy
Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?
Decentralization and Secession
Were these cannabis-legal states to combine to form their own country, it would be the tenth-largest country in the world.
Media and CultureU.S. HistoryWorld History
Juneteenth is an example of a fiat holiday, imposed upon the nation by an imperial city to promote a specific cultural agenda.
Money and Banks
After more than a decade of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, a soft landing is impossible.
The Beltway is no place for loyalty.
The FedInflationU.S. EconomyBusiness Cycles
Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash.
Inflation in Argentina is far worse than neighboring countries. It has only one cause: an extractive and confiscatory monetary policy—printing pesos without control and without demand.
Bureaucracy and RegulationInflationPovertySocialismTaxes and Spending
African economies aren't being strangled by capitalism but by statism, which has imposed inflation, debt, and high taxes.