While Graham Platner has become controversial because of his reckless past and violent behavior, the real objection to his being elected a US Senator should be to his reckless socialist proposals that would have disastrous consequences.
The president has declared that he loves inflation. What economic fallacies is he likely adopting that leads to this conclusion?
Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets, as they expect more interference and more unpredictability.
Elon Musk becoming the world’s first trillionaire has triggered a familiar round of progressive outrage. But the imprecise focus on wealth distribution obscures the real issue: how much of modern wealth is acquired through politics rather than production.
Sure, the earnings average was up year over year, but prices increased more than earnings did. In fact, price inflation hit a 38-month high in May.
Hooking people on bogus labels and antidepressants has already ruined too many American lives. Passing out millions more psychiatric Purple Hearts will not make this nation happier or more sane.
According to AOC and Bernie Sanders, it is impossible for someone to obtain a billion dollars of income by any means beyond theft. How much of a mega-income is due to entrepreneurial profit and how much is a wealth transfer?
Economists like Harold Demsetz and Ronald Coase based their property rights views on utilitarianism. Murray Rothbard based his on justice.
That wasn’t a misquote; Trump actually said I love the inflation—do take a moment to let that sink in.
When inflation surges, the first thing on the government's agenda is for the Federal Reserve to try to force up interest rates. However, as Frank Shostak writes, that might not be the best strategy.
