Central Bankers Gone Wild: It’s a New Era at the Fed
When people are scared they let the authorities get away with all sorts of nonsense. We're seeing this with the Federal Reserve right now.
When people are scared they let the authorities get away with all sorts of nonsense. We're seeing this with the Federal Reserve right now.
"History cannot teach us any general rule, principle, or law. There is no means to abstract from a historical experience a posteriori any theories or theorems concerning human conduct and policies."
Mises knew: “Mass unemployment destroys the moral foundations of the social order. The young people…forced to remain idle, are the ferment out of which the most radical political movements are formed."
Free the liquor stores to sell what products they want, what days of the week they want, what hours they want, and to whom they want.
GDP can be increased through both government spending and printing new money. So, naturally, once lockdowns end we'll see a big rebound in GDP. But that doesn't tell us if the private sector is actually better off.
Not all (or even most) police are needlessly violent. But it is rational to conclude, upon seeing a person in a police uniform, that this person can—if he wishes to—abuse his power with near impunity.
Riots are not the answer to police abuse. The answer lies in making drastic reforms to how police agencies function, up to and including privatization. Contrary to the popular narrative, it's not just nonwhites who are in danger. We're all targets of the state's enforcers.
End immunity. End police unions. End the drug war.
George W. Bush has resurfaced to pander to the Left and the media in hopes of getting some attention. Apparently, Bush's brutal history of lies, wars, and torture is all fine now since he said some nice things condemning racism.
It is always a challenge for entrepreneurs to try and predict what customers will want in the future. But now things are even more unpredictable. And government regulations aren't helping either.