Too Much Centralization Is Turning Everything into a Political Crisis
The task ahead is to demonstrate that whatever the sacrifices required to achieve more localized decision-making might be, centralization is too dangerous to continue.
The task ahead is to demonstrate that whatever the sacrifices required to achieve more localized decision-making might be, centralization is too dangerous to continue.
If policymakers finally let a real economic "correction" and recession happen, it means the economy will finally turn toward doing what the consumers actually want.
Kendall, a leading twentieth-century conservative, admired Rousseau and thought it was a good thing that Rousseau's "general will" of the people suppresses freedom of opinion.
The disputed election of 1876 could have led to another civil war. Fortunately, civilian institutions intervened to create a compromise, and the military was kept out of it.
Riots (unlike peaceful protests) are economically disastrous for inner cities. They also tend to create blowback against the people the riots claim to be defending.
If you like high taxes, crony capitalism, central banking, and a central authority that can regulate everything you do, thank Alexander Hamilton.
Today would have been the ninety-second birthday of JoAnn Rothbard.
Judge Stickman is right that the Pennsylvania lockdown cannot be defended by anyone who takes human rights seriously.
The Fed plans to keep interest rates near zero, while monetizing debt, financing zombie companies, and pouring new dollars into the market. But that may not be enough.
It becomes clear that ramping up inflation is a tool for those who wish to overthrow the existing economic and social order—to get rid of what little is left of the free market system.