Socialist regimes tend to follow the same playbook: promise much, deliver little, and, in the end, blame capitalism. Venezuela is the latest socialist entity to enter the Failed State Hall of Fame.
The recent “housing” plan from the Kamala Harris campaign is being touted in the media as a “solution” for this nation's housing problems. However, the plan, if implemented, will be like trying to quench a fire by pouring gasoline on it.
It may not have been created in the lab of a mad scientist, but the euro is still a manufactured, cobbled-together currency made from a number of national monetary units. Indeed, it is the perfect Frankenstein currency.
What does this new coalition mean for broader realignment between parties?
A few years ago, the leftist publication The Intercept claimed that inflation only hurts the “one percent,” but is “good” for everyone else. The truth is much different, as the Fed’s inflationary policies have benefited the politically-connected crony class.
In this interview, we ask economist (and Argentina native) Nicolás Cachanosky about the prospects for a lasting change to Argentina's highly inflationary and interventionist economy.
The flurry of post-Watergate “reforms” supposedly were passed to counteract government abuse of citizens. Not surprisingly, the FISA program, which was aimed at reducing internal government spying became the means of massive growth of the surveillance state.
Politicians say "greedflation," and profits are what fuels rising prices, but the real culprit is fiat money creation fueled by the central bank.
Modern mainstream economics bases its theories on utilitarianism. Murray Rothbard, on the other hand, saw economic law as based in natural law. Furthermore, he rejected the legal positivism of our age, again deferring to the law of nature.
While the Ukrainian incursion in Russia’s Kursk region is dramatic, the operation does not change the fact that the Ukrainian position in future talks with Russia continues to grow weaker and weaker.
