Debt accumulation was already unsustainable prior to 2020, but the Great Lockdown has triggered an explosive increase. It may soon be reaching a point of no return for the world's major economies.
In a market economy, it is not the warlord or strongman who seizes control and lords it over his subjects. Rather, it is the common man as consumer who sets the terms for victory in the marketplace.
From gun control to abortion, gridlock and polarization in Washington forces policymakers to look to state and local governments as the centers of political reform.
When politicians claim to deplore violence, its hard to take them seriously when they have a long track record of supporting brutal and arbitrary violence both at home and abroad.
The empirical evidence shows that neither minimum wages or welfare reduce poverty. In fact, minimum wages tend to increase the cost of living while poverty rates have gone nowhere since the Great Society was introduced.
