The "experts" solemnly tell us that deflation is even worse than inflation, and that deflation always will lead an economy into recession. The truth turns such "wisdom" upside down.
To no one's surprise, governments that interfere with their economies at every turn are at war with each other. Perhaps there is another path to peace.
We are told that economic growth goes along with liberal democracy. But social institutions play an important role that transcends the political order.
Is it too much to hope that the current inflation will "burn out" via similar mechanisms that have reined in inflation in the past?
Money printing may bring rising wages, but it also brings rising prices for goods and services. And those increases are outpacing the wage increases.
The US has sworn off regime change in Russia. The lesson here is obvious for regimes that don’t wish to be in the US’s sphere of influence: get nuclear weapons as soon as you can.
Despite the Left's denials that Hitler was a socialist, a careful reading of his writings and speeches tells a different story. His sympathies lay with the workers, not the bourgeoisie.
The sanctions against Russia have the potential to spiral into something much larger. Indeed, many governments are using the current conflict as an opportunity to further push "green energy," rearmament, and other big-spending schemes.
After all the romanticizing about democracy and voting, in the end, we are still left with the sad fact that the worst always find their way to the top.
While Hilary Putnam was not a friend of free-market economics and remained a socialist throughout his life, he made important contributions to the subject of ethics.
