In the Soviet Union, any significant goods had two price tags: one real and another virtual. One was the actual black-market price. The other was the "official" government price.
By making government prosecutors nearly invulnerable to legal accountability, the courts have unleashed a situation which F.A. Hayek described as one in which “the worst get on top.”
Brexit and decentralization are good things, but the unfortuante truth is that harmful post-Brexit policies are equally likely to be imposed by the UK’s own government as by the European bureaucracy.
If the Wal-Mart CEO were to take a $1 salary and the company were to spread that over each of the company's workers, each worker would receive a one-time bonus of $10.
Bernie Sanders justifies his millions this way: he worked for it by writing a book. He also says that if you write a book, you could be a millionaire too. It's just that easy!
Since we don't know the future, all investment is a type of speculation, and this doesn't mean banks are behaving nefariously when investing other people's money.
Many states assumed to be "turning blue" actually get more migrants from red states than from blue states. It's also a bad idea to assume that everyone who moves from Illinois agrees with the median voter from Chicago.
