Leonard Read asked how we preserve liberty in a culture that doesn't appreciate it. Liberty cannot come through force and organization. It comes from within oneself.
During a debate on capitalism with James Otteson, Michael Anton opined that free markets are harmful to a nation's economy. Perhaps he needs to learn economics.
"Have we not, our privileged orders, aristocrats who control, indirectly, but certainly, the political power of the state? ... If any man doubts how these questions should be answered, let him walk through Wall-street."
Individualism, while condemned in some cultures, has helped make this country economically successful. Will the influx of immigrants from cultures that devalue individualism reverse that success?
The usual suspects such as Robert Reich claim that corporate profits are causing inflation. Actually, increases in corporate profits are tied to increases in inflation.
Despite "concerns" about increasing federal debt, in the end Republican legislators have gone along with whatever the ruling elites want. The Limit, Save and Grow Act of 2023 is more of the same.
As the Fed increases interest rates to reverse the inflation it has caused, firms that depended on easy money will face the bankruptcy judge. Stay tuned; there's more to come.
