The covid lockdowners still have no explanation for why California and Florida—with such different covid policies—have similar covid death rates. The White House's spokesman on the matter could only say it's "just a little beyond our explanation.”
According to popular thinking, the sharp decline in money velocity since June 2008 is likely to neutralize recent strong money supply increases’ effect on price inflation ahead. This is a fallacy.
If Punjabi farmers had been portrayed as affluent, the media would view them as greedy entrepreneurs. But leveraging the political capital of perceived powerlessness has allowed them to obscure their true status as rent seekers.
What would it mean for the economy if by one fell swoop not just the debt owed to the central bank, but all of it disappeared?
Prudent economic calculation becomes more difficult as legal and regulatory regimes are subject to frequent changes and political upheaval.
Americans would be wise to not dismiss separatism just because their history textbooks said it's illegal, racist, or treasonous. Instead, they should recognize it as a tool that could save a lot of headaches and even lives.
The threat of “nuclear proliferation” remains one of the great catch-all reasons—the other being “humanitarian” intervention—given for why the US regime and its allies ought to be given unlimited power to invade foreign states and impose sanctions at any given time.
Every depression generates a clamor among many groups for special privileges at the expense of the rest of society—and the American depression that struck in 1784–85 was no exception.
How did the federal government acquire this omnipotent power? Certainly not by constitutional amendment. It acquired it by converting the federal government after World War II from a limited-government republic to a national security state.
The latest impeachment saga simply confirms Thomas Paine’s adage: “The trade of governing has always been monopolized by the most ignorant and the most rascally individuals of mankind.” Score another victory for the Swamp.
