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Decentralization and Secession
The polarization reached a peak on January 6, but more peaks are sure to come. Perhaps this year, perhaps down the road. But they’re going to happen, and they could be much worse in the future.
Even without obvious consumer price inflation, we can be living in the midst of immense wealth transfer engineered by central bankers in favor of Wall Street.
During October 2020, year-over-year (YOY) growth in the money supply was at 37.08 percent. That's down slightly from September's rate of 37.54 percent, and up from October 2019's rate of 4.8 percent.
It's not a coincidence that the wealth of the top 1 percent began to really take off when the US ended the last remnants of the gold standard in 1973.
Bureaucracy and RegulationFree MarketsPrice Controls
India's parliament has recently passed new reforms to its long-standing interventionist regime which limits farmers' ability to buy and sell goods. These reforms are badly needed.
An individual’s demand is constrained by his production of goods. The more goods an individual produces, the more of other goods he can secure for himself.
Labor and WagesTaxes and Spending
The best social policy is one that supports job creation and rising wages. Entitlements do not make a society more prosperous, and ultimately drive it to stagnation.
During August 2020, year-over-year (YOY) growth in the money supply was at 37.56 percent. That's up from July's rate of 36.92 percent, and up from August 2019's rate of 1.86 percent.