The destruction of the free market, competition, and innovation may seem appealing to some now, but the likely outcome of poor employment, negative real wage growth, and stagnation should be a real cause of concern.
Don’t expect Fauci and his supporters to give up on insisting that New York and Michigan are doing "the right thing" while Texas and Florida are embracing "human sacrifice" as a part of a "death cult."
Even without deficits or new taxes, Biden's infrastructure spending plan will only create more malinvestment and inflict further damage on an already weakened economy.
In his new book, The Great Fiction, Hans-Hermann Hoppe discusses how every property owner now faces the threat of his property being turned into "fiat property" at the whim of the state, at any time.
The fragmentation of power into many small local units is likely to make oppression of minorities more difficult. On the other hand, consolidation of power into a single popularly-elected Congress posed a grave threat to the rights of ordinary Americans.
Profit-seeking entrepreneurs move factors of production to their highest and most economical uses. Amtrak, on the other hand, is diverting useful factors of production from higher use values to lower-valued uses. To put it another way, Amtrak is destroying wealth.
Unfortunately, the corporate press and public health officials have determined that unilateral rule by executive decree, unimpeded by any conception of individual freedom, is necessary to respond to the coronavirus.
Apologists for police abuse often claim that if a citizen complies with police orders and does what he's told, then he won't get hurt. The evidence says otherwise.
In his book God Is a Capitalist: Markets from Moses to Marx, McKinney “shows how Biblical economic principles answer the most vexing problems the world faces today, such as poverty, inequality and pollution.”
China and Russia are trying to build a Eurasion bloc that can break free of any American spheres of influence. The American regime obviously opposes this, but money printing and debt limits the American options.
