While economists and journalists are fond of saying inflation is "X" percent, in reality, the price indexes don't measure inflation accurately. Instead, they are statistical constructs created to benefit the government.
The current political polarization in the USA is not a "threat" to "our democracy." Instead, democracy as we know it is the prime reason for the polarization.
While Hilary Putnam was not a friend of free-market economics and remained a socialist throughout his life, he made important contributions to the subject of ethics.
Advocates of modern monetary theory promise a cornucopia of goods and jobs if only the government has the "courage" to print money at will. Sound economic analysis, however, exposes MMT as fraudulent.
While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals.
The Democrats—since they are assumed to be “in power”—will need some sort of scapegoat for inflation, since it is increasingly eating into Americans’ earnings. So now they're blaming the Russians for what the central bank has done.
While condemning China's social credit system, American, Canadian, and European progressives are becoming dependent on social credit systems to expand their political and governing power.
