The covid regime has extended and deepened the epistemic crisis inaugurated by postmodernism and practical postmodernism. Science has devolved into a series of non sequiturs backed by force. Science has become postmodern.
Petrou's new book on monetary policy details how the Fed's turn toward QE and ultralow interest rates have done wonders for billionaires while impoverishing millions of ordinary people.
Without establishing the underlying causes of boom-bust cycles, employing policies in response to changes in economic indicators to counter economic cycles is likely to destabilize the economy.
When a politician says "do the right thing," what he means is "do what I say, or else."
Thanks to private property, trade, and the Industrial Revolution, there isn't much to be gained from wars among rich countries anymore. But things are different in the developing world.
MMT is a pseudoreligious conviction that anything is possible and that the one and only solution is always Glorious Government.
Much talk about the central bank's policy centers on whether the target interest rate is above or below the "natural rate." Unfortunately, we will never know what the natural rate is.
The Fed is dumping cash into Fannie and Freddie which is helping investors buy up more trailer parks.
Critical race theory is the belief that economic prosperity results from racial oppression, not individual wealth creation. This means CRT's supporters are fundamentally opposed to individual human rights.
As long as Big Pharma wants it, and if there's a profit to be made, apparently our government will be there to provide lots of taxpayer funding. Actual healthcare is apparently a secondary concern.
