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High time preferences also mean high times in a party atmosphere. When Jamaica embraced socialism many decades ago, it wasn't supposed to come to this.
Like the police in similar communities, the Moscow, Idaho Police have long focused on petty drug offenses while more serious violent crime and property crime receives far less attention.
Taxes and SpendingU.S. EconomyU.S. History
America's military technocrats (a.k.a. "generals") specialize in losing wars and also losing your money. Naturally, Congress wants to give them even more taxpayer cash.
Thomas Paine, whose fiery essay "Common Sense" made a case for the American Revolution, is a much-neglected American founder.
Bureaucracy and RegulationProgressivismThe Police State
During the worst days of the covid lockdowns and mandates, Americans were told that wearing masks was a matter of life and death. However, those giving the orders didn't believe what they were saying.
StrategyU.S. EconomyU.S. HistoryPolitical Theory
Mises and Hayek used "classical liberal” to distinguish themselves from the Left. Today the term is used primarily to appease the Left.
Booms and BustsInflationBusiness Cycles
An upcoming recession likely will lead to falling asset prices. But these price decreases do not cause recessions, but rather are a result of them.