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Monetary PolicyProduction Theory
No matter what levers are pulled by the fiscal and monetary authorities, stones will not be turned into bread.
Booms and BustsFinancial MarketsLabor and Wages
The COVID-19 panic may have sped up the beginning of this economic crisis, but the virus wasn’t the cause. The real cause of the crisis was the boom that came before it.
Labor and WagesSocialismOther Schools of Thought
As dismissive as many of us would like to be toward Marx’s thoroughly debunked labor theory of value, it still holds currency among today’s budding socialists.
Taxes and Spending
The American cost of living is driven up not only by housing and healthcare costs, but by even larger increases in tax bills and government spending.
The EntrepreneurLabor and Wages
Capitalists provide a service to workers: access to capital with no risk, and immediate payment for services. Meanwhile, starting your own business brings both risk and a long wait before the profits start rolling in.
Many of the worst costs that will come with "Medicare for All" won't be calculated in dollars. They'll come in the form of doctor shortages, long wait times, and less access to care.
The costs of recovering from the war would be paid by those who had had little to do with bringing about the massacres.
Bureaucracy and RegulationTaxes and Spending
The real motivations behind using both cubicles and the so-called open-office concept are something different than what we are told.