America's unipolar moment is over, and it's time to exercise restraint rather than indulge in endless fantasies about regime change and American-led "global democracy."
During July 2020, year-over-year (YOY) growth in the money supply was at 36.9 percent. That's up from June's rate of 34.4 percent, and up from July 2019's rate of 2.21 percent.
There's more saving and less spending. This would bring deflation, but there's a catch: we're making less stuff, which means more money chasing fewer goods.
It seems that if you're mildly against the drug war and sky-high taxes, you're a "libertarian" to many left-wing commentators—even if you also support programs like "universal basic income" and renewable energy boondoggles.
Determining which businesses shall be open and how many people shall be allowed to gather is just another form of central planning. And central planning schemes have never ended well.
Landlords invest their stored labor—savings—at a risk and with the knowledge that they won't recoup it for some time. In creating or renovating rental properties, they aid those who can't store their labor yet—tenants and laborers.
Governments are set to make mask wearing mandatory in many places. Yet some companies are committed to limiting supply and charging monopoly prices thanks to government-created patents.
