As much as we may wish to substitute government edicts for markets, the fact is no amount of government control can overturn the realities of economic law.
Flawed as we are and with limited knowledge about the world and ourselves, we might not know what is objectively “best for us long term.” Government planners know even less.
Latin America's antiglobalization epoch, from 1913 to 1970, was marked by high regulations and antitrade efforts that have fueled Latin America's economic problems.
Gabriel Boric is no friend of free trade, low taxes, or markets in general. Yet these policies are what made Chile the most prosperous country in South America.
With the Eurozone’s global systemically important banks geared up to 30x, rising bond yields of little more than a few percent could collapse the entire euro system.
This new religion was odd in that it rejected the divinity and dominion of political rulers and declared that the real savior of mankind—and his kingdom—is "not of this world."
Lockdowns and school closures will go down as one of the worst peacetime policy disasters of all time. Never again should the well-being of our children be sacrificed to placate the neuroses of adults.
