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Philosophy and Methodology
Isn’t a principle of nonaggression against others another way of stating the self-ownership principle? "Not necessarily," says the insightful philosopher Chandran Kukathas.
The people who really run California aren't going anywhere. Even if California voters throw out Newsom very little will change in state government.
In the era of global lockdowns, we've seen increasing supplies of money, decreasing supplies of goods, and governments financing their citizens to forgo work and stay home. The resulting price inflation should surprise no one.
The capital gains tax cuts off start-ups and smaller entrepreneurs from access to flows of capital. The tax makes society more wasteful, less innovative, and less dynamic.
Booms and Busts
With such a messed-up economy, why is it still hard to spot a bust on the horizon?
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.
The emergence of global money is going to be the greatest attack on national sovereignty and political self-determination that we have ever seen.
The shift of money from one market to another market is not instantaneous there is a time lag from increases in money and its effect on the average price increases.