Modern political economy is based upon a Machiavellian belief in might makes right. Yet, political power cannot accomplish what free markets and private property rights have done in lifting billions of people out of poverty.
Economist Robert Barro has questioned the necessity of fighting a war in this country to end slavery. In this week's Friday Philosophy, Dr. David Gordon looks at Barro's reasoning and finds it sound.
Superficial reading of some early texts in Acts seem to suggest the ideal of Christian communal property ownership, or communism, rather than private property, but this is mistaken and the evidence is within Acts itself.
Restoring the rule of law and Constitutional government on immigration—something wrecked by Trump's rule-by-decree with federal agents—is vastly more important than expelling illegal immigrants.
There are two kinds of political movements: 1. Those that are “compromising” and pose no real threat to the elites. 2. The groups that actually oppose the status quo but are kept out of power.
The Trump administration (like the Biden White House before it) insists that it has inflation under control, pointing to the CPI. However, other informal measures show inflation to be much higher than the CPI claims.
If California voters and politicians do not understand the current crisis, we will see the continuous march to perdition as California politicians refuse to acknowledge that they are killing the geese laying the golden eggs.
Politicians are touting “affordability” to describe the current regime of rising prices. However, most lawmakers who claim they are trying to make things more affordable demand policies that make things more costly.
The latest release of Epstein files again highlighted how disgusted and frustrated people have grown with the current elites. Yet they remain essentially untouchable. Why?
A bad end is most likely though even in the best case scenario of AI increasing living standards. The build-up of asset inflation malinvestment and overleveraging will impose huge costs.
