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Booms and Busts
We may be told price controls are a temporary necessity, as in 1971 under Nixon. But one thing is certain: price controls will do nothing to resolve the issues underlying the inflation.
All societies require some sort of coercion to maintain order. But "the state" is a very specific and modern type of government institution which claims it can engage in criminal types of coercion with impunity.
The Unbroken Thread is an interesting yet ultimately disappointing attack on liberalism. It is mostly a collection of many opinions, with very little in the way of facts or analysis.
The Fed says it "provides the nation with a safe, flexible and stable monetary and financial system." Can we all breathe easier now?
Bureaucracy and RegulationPolitical Theory
For many, the covid era has been like a rollercoaster. But as the world seems to near the end of the ride, governments don't seem in a hurry to roll back their restrictions.
In Europe, there is no competitive market for electrical power. And since power is an important factor of production, it also means the overall marketplace is wasteful, inefficient, and sluggish.
If the US wants to strengthen its economic and geostrategic position versus China, it needs to apply the same free market principles that made it prosperous and powerful in the first place.
Realizing that most voters in Massachusetts were against the new constitution, the Federalists concocted a variety of dirty tricks to ensure a Federalist victory.