The Nazi economy reduces entrepreneurs to the status of shop managers. The government tells them what and how to produce, at what prices and from whom to buy. Private property is de facto gone.
Under PM Mario Draghi, the Italian government has issued new edicts designed to make life even more difficult for anyone who doesn't comply with every aspect of the state's covid regime.
Often the biggest barrier secession movements face is the widely held (and ludicrous) belief that our current set of lines on a map are sacred and must be preserved.
Contractionary monetary policy may be necessary to slow the rise of inflation, but the recessionary results of this remind us why the Fed's inflationary policy is so dangerous.
Crack-up booms have historically facilitated the growth of authoritarian political movements. This is not inevitable. But we do need radical change to today's fiscal and monetary disasters.
During November, average hourly earnings increased 4.8 percent, year over year. But with inflation at 6.9 percent, earnings aren’t keeping up. Meanwhile, the Fed will do little for fear of spooking Wall Street.
Turgot understood primitive modes of social organization are able to support much smaller numbers of people. If population increased, an egalitarian primitive society would be unable to cope with the added burden.
