Given that so much of the world is in the grip of false ideologies, what can we do? Mises says that the answer does not lie in international organizations or treaties. “It is futile to place confidence in treaties, conferences, and…bureaucratic outfits"
If the United States breaks up into smaller pieces, how will the new nations be able to defend themselves from the likes of China? Thanks to geography and wealth, even smaller American states would be well protected from Asian and European powers.
A guilty-until-proven-innocent mentality is winning at many colleges where a “believe the women” ideology dominates. Now these trends are making inroads into criminal justice even off-campus.
Both theory and the empirical research shows a competitive marketplace is incongruous with racism, but the Left insists capitalism is "inherently" racist.
"We find no clear, significant beneficial effect of [lockdowns] on case growth in any country….In none of the 8 countries and in none out of the 16 comparisons [examined] were the effects of [lockdowns] significantly beneficial."
America’s founders did not envision the federal government as the domineering senior partner in almost everything. What was once best described as “sovereign States, united solely for specified joint purposes” has been largely eviscerated.
As a result of past reckless fiscal and monetary policies the pool of real wealth could be declining. If so, stagflation will result.
Will Biden/Harris be a transformative administration?
Expect opponents of secession and decentralization to start claiming that neither option is acceptable because any big change to the status quo could endanger American "strength" in foreign policy. Don't listen to them.
It's not that we need to rid ourselves of the baggage of macrostatistics completely. Rather, we need to 1) critically assess whether they are appropriate, if so, 2) for what role, and finally 3) whether they are consistent as a tool we can use to tell the story we want.
