Although the money supply has greatly increased, accompanying growth in production has made it possible to keep the current system of immense debt increase going for a long time.
Thomas Kuhn influenced Rothbard by demolishing the notion that the history of science is one of continual progress. The truth is that once a paradigm becomes established, its basic tenets are not questioned at all until major problems crop up.
As the federal government embarks on racking up an estimated $3.7 trillion in extra debt this fiscal year alone, it’s critical for the public to understand just how destructive such action will be.
The people who really run the country are unelected "experts" and bureaucrats at the central banks, at public health agencies, spy agencies, and an expanding network of boards and commissions.
If we're serious about increasing the capacity of our medical institutions, free trade and deregulation offer real solutions.
Debt-ridden countries such as Italy will come to rely more and more on Germans and other northern Europeans to finance their debt. This will require a more unified Europe. Or the whole thing may collapse.
Thirty million Americans are now unemployed, in part thanks to government "lockdowns." Meanwhile, unemployment in many cases doubles the unemployed person's risk of death through disease, suicide, or drug overdose.
The fight against COVID-19 would benefit from a comprehensive deregulation of the market for testing. A brief look at India shows the damaging roadblocks to solutions that regulations impose.
The lockdowns of the past month have not been conducive to the common good. While they have saved the lives of many people, they have also endangered—and are still endangering—the lives and livelihoods of many others. They have created a new and dangerous political precedent.
Chile, like many other countries, needs to do this: cut taxes, deregulate, and limit spending.
