Europe’s Economy Slows as Its Welfare State Grows
In Europe, the working poor subsidize the nonworking poor. Meanwhile, the welfare state is destroying worker productivity and limiting economic growth.
In Europe, the working poor subsidize the nonworking poor. Meanwhile, the welfare state is destroying worker productivity and limiting economic growth.
While California politicians and the New York Times blame “climate change” for the disastrous wildfires in Los Angeles, the blame actually lies with those politicians themselves. Their policies have guaranteed that something like this would happen.
This contradicts months of claims from Jerome Powell who has insisted that price inflation was rapidly returning to the Fed's two-percent price inflation goal.
Honduras is one of the poorest countries in the Western Hemisphere, but the free city of Próspera, located just of the Honduras coast, is anything but poor. Here, private property and free markets are the norm and Bitcoin is legal tender. Of course, the socialists want it shut down.
Insurance companies canceled coverage on houses in neighborhoods that later burned. Government officials blame climate change, but the real problem lies with state and local governments.
Washington may have to manufacture some reason explaining why secession is good for Greenland, but secession is awful when Americans try it.
As Donald Trump prepares to take office again, we await the damage that surely will happen should he go through with his threats to levy historically-high tariffs against everyone else. One hopes good economic sense prevails.
A "right" to "climate justice" is now used as a foundation for lawsuits in some American states. Unfortuantely, the courts are taking it seriously.
The German National Socialists (Nazis) took their inspiration from the USSR and other European socialists.
Both Monetarists and Keynesians believe that a growing economy requires a growing money supply, thus, the Federal Reserve‘s “target” inflation rate of two percent. Austrian economists, however, understand that inflation at any level creates economic damage.