At the urging of the United States, Germany and other European governments have levied sanctions against Russia. In reality, these governments have levied sanctions against themselves and their citizens.
Instead of worrying about which documents Donald Trump may or may not have had in his Florida home, the real issue is the proliferation of state secrets that should not be secrets at all.
Congress tells the Fed to maximize employment and also have low inflation. But in reality the Fed usually chooses to ignore inflation and instead "stimulate" employment with inflation.
An enduring progressive myth is that thanks to Western technologies and compassionate NGOs, American agricultural scientists saved the developing world via the Green Revolution. Not surprisingly, the truth is found elsewhere.
Jordan Peterson has linked identity politics to socialism. Instead, socialism is about empowering the state.
"Our welfare spending is probably the highest in the world. It is only “laissez-faire” in the sense that we have ... a very large charitable sector as well."
The academic and political buzzword today is "decolonialization," but what happens when good laws are discarded on the flimsy basis that they were established during a colonial era?
The reality of socialism is that it politicizes life entirely. How that is supposed to improve quality of life remains a mystery.
Jacob Soll believes that a truly successful economy must embody at least some of the economic regulation developed by Jean-Baptiste Colbert, the French finance minister under Louis XIV.
Adherents of the famous Phillips curve believe there is a permanent tradeoff between inflation and unemployment. This is mistaken.
