Government failure was being felt everywhere this week, from the massive law-enforcement failure in Sen Bernardino to the crumbling economy in Brazil. Meanwhile, government tells us it only needs a little more money, power, and time to solve all problems.
The true lessons of Thanksgiving are that private property, the market economy, and personal responsibility lead to prosperity, while government intervention makes us all poorer.
The Paris attacks forced the world's attention away from causes such as the plight of "white privilege" on college campuses and back to the consequences of blowback to interventionist foreign policy. Unfortunately, the political response to these atrocities have been predictable.
This week, the dangers of the authoritarian PC culture was driven to the forefront of the national conversation by students at Mizzou. Fortunately, Mises Scholars launched a pre-emptive strike against PC and the degenerating university system at last weekend's Mises Circle in Phoenix.
There were many state and local elections in the US this week, but few of them will result in anything that will combat widely held and popular errors about central banking, drug prohibition, and the global environment.
The Fed's Federal Open Market Committee renewed its commitment to easy money this week. The Fed will pretend to be committed to raising rates while doing nothing, and its ongoing war against deflation will continue to make us poorer.
No amount of fantasizing can make fundamental economic realities go away, no matter how much we put our faith in central banks, government regulation, or technologies of the future.
It was a big week for Bernie Sanders's brand of socialism, and millions of Americans already agree with him. Thanks to unquestioning acceptance of wild claims about the success of socialism in Europe, many Americans are now wishing for some European-style socialism themselves.
