Biden’s tax increase plan does not make sense from a growth, revenue, or deficit perspective, and it does virtually nothing to address the real problem: ballooning spending on programs like Social Security.
A loose monetary policy that is aimed at boosting use of idle resources won't work. Idle resources only become profitable and efficient when we have enough real savings. Unfortunately, easy money policies destroy real savings.
Recent legislation in California mandates more women on corporate boards. This is supposed to shift the balance in corporate America in favor of female employees and managers. It doesn't seem to be working.
The Papal States offer a helpful case study in understanding the transformation of Europe in the nineteenth century. Unfortunately, Kertzer's study on the topic is couched in faulty notions of enlightenment and medievalism.
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.
Democracy is only acceptable when the outcome is what the ruling class wants. Fortunately, the federal courts are always handy to overturn the results of free elections.
Those who demand government-enforced lockdowns and mask mandates still can't seem to explain why we still can't find a correlation between lockdowns and covid infections or between mask wearing and mask mandates.
The interest control policy is ultimately an admission of “fiscal dominance.” That is, it is increasingly difficult to deny that the state's budget situation is what dictates monetary policy. Now, monetary policy must first serve the interests of the regime itself.
The US has millions of idle workers. In a normal economy this would put a damper on demand. But in our money-printing economy, consumer demand is surging even as production falls behind. An employment bubble is the result.
With a new round of panic-induced lockdowns, the situation in Europe is one closely resembling a state of national emergency. Yet the official narrative tells us the European economy is robust and flourishing. Time for a reality check.
