Extended families have long functioned to provide alternatives to the state in terms of risk sharing and mutual aid. Other economic benefits include the refinement of human capital and economies of scale.
Since the corona panic, the Fed has bought a ton of government bonds, but it's also started buying corporate bonds, has abolished reserve requirements, redefined their M1 measure, and switched to average inflation targeting.
The majority of economists, who assume recent historical trends will continue forever, forget that nonlinearity in economics means that cause-and-effect relationships can remain dormant for a long time, only to manifest themselves with unusual force later on.
From wood to copper to corn, prices for basic necessities for both production and consumption are rising to multiyear highs. The Fed says it has everything under control, but the Fed has a terrible track record in both predictions and executing its plans.
The "People over Profits" mantra is once again is being heard in Washington. But this time we're hearing about it from business lobbyists themselves who are now parroting leftwing slogans about "social responsibility."
Biden and congressional Democrats are seeking to turbocharge their push for a new domestic terrorism law to permit widespread federal crackdowns on their opponents. Any rigged commission would likely pour gasoline on a fire that could singe far more American rights and liberties.
The founders of the new constitution proposed a cynical end run around state legislatures in order to improve the odds of ratification. The "founding fathers" increasingly abandoned established law, justifying it with claims of a "national emergency."