We're supposed to think it's perfectly normal that Washington DC bureaucrats decide whether or not you can use an outhouse toilet 2,500 miles from DC. Because it's in a "national" park.
A slowing in the growth of the money supply is only a problem when that money is created "out of thin air."
Working hard is a good thing, but it can only lead to high levels of wealth when combined with capital accumulation and entrepreneurship.
Dollar stores are hardly the starvation-producing hellholes that the critics claim them to be. They serve their customer base well, but it is not a customer base of elite journalists and politicians.
A female flute player thinks only sexism can explain why she's paid less than a male oboist. But it turns out playing the oboe isn't the same job as playing the flute — and wages reflect this.
General Dwight D. Eisenhower, chief among the naysayers, said, “I was against (use of the atomic bomb) on two counts. First, the Japanese were ready to surrender and it wasn’t necessary to hit them with that awful thing."
It is not true that capital — once created — will lead to future wealth gains forever into the future. Only constant adaptation — via entrepreneurs — can make sure that the production process will provide the flow of consumption goods in the periods to come.
We think the state is taking only our money, but it is also taking our time.
The destruction of sound money over the past century stems from actions at the federal level, but there are steps which states can take — and even have already taken — to move toward sound money.
Because food was so scarce, milk required a doctor's prescription and the government initiated a public awareness campaign about the dangers of overeating.
