Some conservatives increasingly reject America's well-established classical liberal traditions of laissez-faire and free choice. These conservatives insist that we need a strong state to "make America great again." They're wrong.
When the current panic and crisis began, we were already in the late stages of a long asset price bubble. The crisis has exposed the fragility of the current system and we won't be going back to where we were before.
Mises points out that eugenicists’ aim to improve the “quality” of the human race is an incoherent and meaningless goal: there exists no clear and objective standard by which the quality of human beings can be measured.
If current political and economic trends continue, the 2020s will usher in a new period of drastically increased government activity and regulation of the economy.
The assumption that an exchange presumes some sort of equality has been a delusion of economic theory since Aristotle.
Legal arbitration only makes sense when all parties involved voluntarily enter into a contract. With police arbitration, the public has no seat at the table. It's a system designed to protect police only.
Keynes viewed depressions as something that could naturally plague market economies when total spending was insufficient to support full employment. Only with wise oversight could we hope to achieve steady economic growth.
The problem of the European Union has never been a lack of monetary and fiscal stimulus, but rather an excess of these. This has failed to produce real growth, and now we're getting more of the same, but even bigger.
Some police officers are able to easily get rehired by law enforcement agencies even though they were forced out of other departments for misconduct. That's a problem.
What proponents of lockdowns mean by “follow the science” is that statements made by scientists should be accepted as axioms. An obvious problem exists when scientists make conflicting statements.
