Today, those with a modicum of judgment and respect for their pocketbook are heading anywhere that is not named California, attempting to flee the incompetent mismanagement of Governor Gavin Newsom.
When the state interferes with the market in order to bring about a different use of the productive factors it can only impair the supply, it cannot improve it.
Given the overt hostility that progressives have toward private enterprise in the first place, politicians will take shutdown-caused shortages and empty shelves as “proof” that private enterprise has failed.
The secessionist view is now increasingly being promoted by writers outside the usual conservative and libertarian groups that have long advocated in favor of decentralization and local control.
The film Black Panther offered an attractive view of an African nation untouched by slavery or colonialism. Unfortunately, the film offers a rather dubious counterfactual.
The present fascination with socialism and hatred of capitalism reflects a combination of willful historical blindness, lack of simple common sense, and inexcusable economic ignorance.
The embargo continues, partly because the Cuba situation has indirectly exposed the corrupt sham of the entire Cold War and the corrupt machinery of the US national security establishment.
It is through action that our subjective valuations become measurable in objective reality. This is why the action axiom is an irreplaceable launch pad for economic thinking.
