If the private sector does not accept a currency as a general means of payment and a store of value, the currency becomes worthless and ceases to be money. Ultimately, it becomes useless paper.
For decades, countless parents have been on autopilot when it comes to letting the state manage their child's education. But over the past two years, millions of parents have begun to take control.
When prices fall as a result of rising wealth that's good news. But deflation is also good news when it follows the bursting of a financial bubble caused by money creation.
It is clear that there are situations in which the unions’ interests diverge from the public’s interest in transparency and good policing. But the unions’ interests also often diverge from the interests of individual members.
“Africa doesn’t have the vaccines and the resources to fight COVID-19 that they have in Europe and the U.S., but somehow they seem to be doing better.”
A "good" education consists of learning how to spot "trick questions" that lead us astray from clear thinking. We often see that every "free lunch" offered by politicians involves at least one trick question.
Inequality can exist and grow even if everyone is becoming better off—but some are becoming more better off than others. Should we care about this kind of inequality?
If US states are able to act independently, there is a greater chance for competition between jurisdictions, incentivizing states to provide a higher quality of life and to attract productive newcomers.
