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Big GovernmentDecentralization and SecessionPolitical Theory
It appears that 2020 may be the year that finally proves that the façade of democracy is not enough to maintain a unified political body.
SocialismCapital and Interest TheoryProduction Theory
Marx’s theory of exploitation forms the foundation of all his work. But Marx couldn't tell the difference between profit and surplus, exposing the incoherence of his theory.
Booms and BustsWorld History
Central banks were already fueling artificial bubble growth and malinvestment in tech firms. Then the lockdowns sped up the trend even more.
Bizarrely, people from Paul Krugman to Tyler Cowen seems to think that libertarians rule the world and that everything that has gone wrong is libertarians’ fault.
Cronyism and CorporatismProtectionism and Free TradeMonopoly and Competition
What's a telltale sign of economic illiteracy? I'm starting to believe the worst is the claim that markets lead to monopoly and the accumulation of wealth in a few hands.
If Biden is elected, we will hear the same “redemption” storyline that was trumpeted when Obama replaced (temporarily) disgraced George W. Bush. The media will insist that Biden's inauguration purifies Uncle Sam.
Because politicians have no liability for the economic damage they inflict, they have no incentive to minimize the disruptions they decree.
Covid has exposed how easy it is for government to weaponize healthcare. How long will the doctor-patient relationship remain sacred?