Politicians have ignored the threat to small businesses that are failing not because their owners used the wrong strategies, but have been destroyed by the misguided and ineffective forced shutdown.
Although the recommendations of the Great Barrington Declaration would be an improvement over the status quo, the declaration grants far too much power to the state to act in pursuit of an alleged "common good."
Not all increases in money supply lead to inflation. A currency fully backed by a commodity like gold does not cause inflation like an increase in unbacked fiat money does.
The fact Boris Johnson and Joe Biden are both using the phrase "build back better" is bad news. It's a phrase pioneered by groups twisting the covid-19 pandemic into a pretext for extreme “green” policies.
In contrast to the classical cost (labor) theory of value, the so-called marginal revolution ushered in the modern, subjective theory, whereby market price is determined by the marginal utility of a good.
In Japan, huge social security expenditures have been simply monetized by the Bank of Japan at the expense of the overall welfare and the economic prospects of Japan’s youth.
