After the Great War, Austrian cities and towns began issuing their own money. The Germans tried something similar, but without the voluntary and decentralized aspects of the Austrian model. German disaster ensued.
Faced with declining city budgets, harsh future COVID lockdowns, and more riots, many residents and business owners in America's core cities will likely decide the cities aren't worth the trouble anymore.
The history of bailouts in the United States is a record of broken promises and growing moral hazard.
The largest fiscal and monetary support plan since WW II has been instigated with two dangerous collateral effects: the rise of zombie companies and the collapse of small businesses and startups.
The deadliest virus consists of the deification of human reason and the systematic use of coercion, which the state embodies.
Federal judges invented the notion of "qualified immunity" to protect police from lawsuits. So now Colorado has done an end run around the federal courts and removed qualified immunity as a defense.
Providing the opening for Mises’s great methodological work gave Rothbard the opportunity to set down his perspective on the importance of the praxeological method.
The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.
"Defunding" the police isn't likely to actually lessen the control the state has over our lives. But repealing countless laws that give police far too much power would certainly help.
In a bit of ironic vandalism, San Francisco protestors painted “bastard” on a bust of Miguel Cervantes and defaced it in other ways.
