Panic over the COVID-19 virus has led to the closure of many schools and new forays into education outside the government school system. Many will find that they don't need the state's schools at all.
We live in an age when politicians decide what is "essential" and what isn't. It's a grave abuse of power and common sense.
The ECB can disguise the risk for a while, but the reality of the mounting debt and tax burden ahead is probably going to end in a debt crisis.
Fueled by unprecedented quantitative easing, central bank asset purchases, and various stimulus packages, the money supply growth rate ballooned in April to an all-time high.
After 2018, the US economy was already headed toward a recession. But bailouts and lockdowns have made things even worse.
With their bizarre and extreme lockdowns, governments are forcing very low-risk populations to endure social isolation and unemployment. The mental health effects will be significant.
Money really does buy happiness—up to a point. But at all income levels, happiness is very, very subjective.
US government debt is spiraling upward, with debt-to-GDP rising to World War II levels. How long can this last?
Buyers and sellers in the free market do indeed act from self-interest, but Adam Smith never argued that this excludes friendly feelings for those they do business with.
Governments create nothing, and only excel at coercion and violence. This is why governments are enthusiastic about shutting down economies but seem unsure about how to open them.
