In a totalitarian society, truth is determined by government pronouncements. Help the Institute fight back against censorship and continue to expose government lies!
Coal drove the development of a whole new way of cooking and a radically different diet. A menu based upon coal-fired food was the cuisine that accompanied industrialization. Food and fuel were intricately linked in a fossil fuel-burning age.
In the aftermath of Hamas's taking hostages in its conflict with Israel, the question arises: Who pays the ransom? State-financed payments lead to the worst outcomes and create moral hazards.
The German economic powerhouse is slowing, weighed down by its costly green energy policies and a bloated welfare state. Germany's economy needs market reforms, not more state intervention.
The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves.
Fractional reserve banking allows the Federal Reserve to manipulate the money supply, leading to booms and busts. Central banking is not a defense against business cycles; it is a major cause of them.
