Stephanie Kelton, the most visible promoter of MMT, is being derelict in her academic duties by not replying to Per Bylund’s critique of her theories in the Quarterly Journal of Austrian Economics.
Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was the collapse of real savings, which was due to loose monetary policies by the Federal Reserve.
While President Biden’s inflationary economy continues to falter, the president proposes to outlaw bank overdraft fees, ostensibly to help lower-income Americans. Bank fees, however, are not the biggest threat consumers face; inflation and intervention are the real threats.
Environmentalists insist on banning fossil fuels and refrigerant gasses in order to end heat waves. That means people will face future heat waves (which will always be with us) without air conditioning, bringing even more heat-related deaths.
No one has actually been drafted yet, but calls for “national service” are in the air. This is an excellent time, then, to go over what is wrong with drafting people into the armed services.
The US and Iran have been mortal enemies since 1979. It is clear that the belligerent approach to dealing with Iran has failed. We need to engage policies that promote peace, not warfare.
The expansion of "civil rights" places emphasis upon "positive rights" that apply to specific groups with political privilege. This is a far cry from the concept of rights that helped build a free society in the United States.
Lysander Spooner was one of this country’s most important libertarians. His views on economics, while flawed, are free market in principle and have some insights Austrians can appreciate.
The tainted blood scandal in the UK should be a warning to people about the dangers of the National Health Service. Instead, we hear endless promises of reform that never will happen.
Caitlin Clark, with her array of basketball skills, has filled arenas in her inaugural WNBA season. However, the idea of merit clashes with the leftist, egalitarian mindset that dominates in the league, and the early reaction to her success has been discouraging.
