Paul Krugman and other Keynesians believe that since workers are unemployed during a recession, government spending to employ them is costless. Instead of creating wealth, these make-work schemes destroy it.
Congressional Democrats are trying to intervene in a complex and varied market they know little about but that consumers navigate without need of help. This will not end well.
The founders of the United States warned against getting entangled in foreign wars. Unfortunately, political elites today seek to expand the US empire, leaving death and destruction in their path.
What is different about the US's empire is that it has been fabulously successful. It is so successful, in fact, that the territories that used to be obvious colonies have ceased to have any distinct political identity.
Is the regulatory choice a tradeoff between safety or “breaking a few eggs” via free markets? The logic of allowing for free and unhampered markets is compelling.
Scott R. Sehon tries to be intellectually honest in his critique of capitalism and his endorsement of socialism, but David Gordon writes that Sehon needs to better know the arguments favoring capitalism.