If people want to dismiss this school of thought, which many seem inclined to do for political (not theoretical) reasons, at least they should do so based on facts and knowledge, not on falsehoods.
Why subject yourselves to all the stress of the GOP retaking the House in 2022 and even the White House in 2024? Just secede now and save yourselves the trouble.
Pollsters, many of whom predicted an overwhelming "blue wave," obviously failed miserably as reliable gauges of political sentiment. But prediction markets may offer an alternative.
At best, police data shows four in ten murders in America are never resolved and no suspect is convicted. Lesser crimes have even fewer resolutions. And if we look more closely, things look even worse.
The Fed could certainly encourage more price inflation if it wanted to. But it seems the real goal is not steady inflation, but support for the financial sector.
In a free market, goods pass to those who are willing to pay the most to get them. A legal system that allows people to bid against each another for the goods they want displays equal concern for its citizens.
