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Corporate WelfareCronyism and CorporatismPrice Controls
The patent system in pharmaceuticals incentivizes firms to game the system for monopoly profits.
The current political polarization in the USA is not a "threat" to "our democracy." Instead, democracy as we know it is the prime reason for the polarization.
While Hilary Putnam was not a friend of free-market economics and remained a socialist throughout his life, he made important contributions to the subject of ethics.
Central BanksThe FedMacroeconomicsMonetary Theory
Advocates of modern monetary theory promise a cornucopia of goods and jobs if only the government has the "courage" to print money at will. Sound economic analysis, however, exposes MMT as fraudulent.
Bureaucracy and RegulationPrice ControlsPrices
While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals.
The Democrats—since they are assumed to be “in power”—will need some sort of scapegoat for inflation, since it is increasingly eating into Americans’ earnings. So now they're blaming the Russians for what the central bank has done.
Big GovernmentLawThe Police State
While condemning China's social credit system, American, Canadian, and European progressives are becoming dependent on social credit systems to expand their political and governing power.
Yet again, earnings aren't keeping up with inflation, and the Fed is feeling political pressure. But can the economy survive any serious move toward ending massive stimulus?