They masses only choose between the ideologies developed by the intellectual leaders of mankind. But the masses' choice is final and determines the course of events. If they prefer bad doctrines, nothing can prevent disaster.
What matters is not whether the emergence of a bubble is associated with price rises but rather the fact that the emergence of a bubble gives rise to nonproductive bubble activities.
A repeated pattern of close elections accompanied by threats of violence (or actual violence) is a sign that something is wrong with a nation's political system.
Economic realities mean the socialist state would need to utilize the same method of discounting wages as capitalists do. The only difference is that under socialism, bureaucrats would do the "exploitation."
With new legalization measures coming to the ballot box, voters have the opportunity to take steps that would reduce the drive to make drugs stronger and more potent, and more deadly.
Why don't corporations just get bigger and bigger until they take over the whole economy? Unlike states, firms aren't necessarily better off as they get bigger.
What's a telltale sign of economic illiteracy? I'm starting to believe the worst is the claim that markets lead to monopoly and the accumulation of wealth in a few hands.
If Biden is elected, we will hear the same “redemption” storyline that was trumpeted when Obama replaced (temporarily) disgraced George W. Bush. The media will insist that Biden's inauguration purifies Uncle Sam.
