The net effects of the regime's economic planning is wealth destruction and perpetuation of chronic, widespread poverty. South Africa’s per capita GDP, at around $6,000 in 2019, has not increased in inflation-adjusted terms in a quarter-century.
A return to a system of 100% bank reserves is anything but radical. It would be quite conservative, prudent, and sensible.
From the beginning, the “97% consensus” claim about climate change has been dubious, with supporters claiming that it represented much more than it really did.
Although Argentinians mean well, they cannot seem to break free of an endless loop of crises causes by expansions of the welfare state and deficit spending.
The SJWs protesting the so-called "tampon tax" are doing so for rather questionable reasons. But if they're going to argue that taxes are a bad thing, we shouldn't stop them.
EU politicians and technocrats like to present themselves as progressive and enlightened policymakers. But that virtuous mask slipped after German auto giant Volkswagen announced that its new facility would be located in Turkey instead of an EU member nation.
Economists don't claim that self-interest is a moral good. They simply recognize it's an important part of human nature, and that government and social institutions must be designed for the human beings that actually exist — callous self-interest and all.
The string of spending increases announced daily in Europe disguise an extremely dangerous bet: that the ECB will bail out the eurozone forever.
When entrepreneurs create profit, we know they are using resources in a way that benefit others. When entrepreneurs causes losses, they are destroying wealth.
Elizabeth Warren's wealth tax is based on the idea that the government knows how to use wealth better than the private sector. The plan also ignores that the wealthy have been shown to flee countries with a wealth tax.
