In a true market — i.e., without a central bank — banks are intermediaries of real savings in their lending activities, thus promoting genuine and real economic growth.
The US dollar continues to enjoy the confidence of markets, governments, and central banks. But faith in the US dollar is weakening, and many are trying to help the process along.
When politicians say "you never had it so good" they're taking credit for something they didn't do. In truth, what economic prosperity we have is due to private savers and entrepreneurs making economic progress possible.
The free-market doctrine does not rest on an assumption that consumers make wise choices. Like the mythical “economic man,” the Perfectly Wise Individual is a straw man created by the critics of the theory.
Most income inequality stats provide a cloudy and confusing picture of the real situation. Even worse, these stats are used to justify a wide variety of tax hikes and government interventions.
Patrick Deneen lumps everything he dislikes under the label of "liberalism." But one is left wondering if he is familiar enough with liberalism's history to pass judgment on it.
Unlike the Versailles peace, which failed horribly, the successful episodes of peacemaking — Westphalia, Vienna, and even the process that ended World War II — had in common extended multi-lateral negotiations and compromise.
