The modern norm is that economic growth causes measured income inequality to increase. But to have greater income equality and greater economic growth. It simply requires more free market policies and less government interventionism.
Not only will easy-money policy not increase production, it will impoverish us by inflating away real wealth.
The signing of the EU–Mercosur trade agreement constitutes a starting point — but an unholy alliance between protectionist politicians, agricultural lobbyists, and environmentalists may be forming.
Patrick Deneen lumps everything he dislikes under the label of "liberalism." But one is left wondering if he is familiar enough with liberalism's history to pass judgment on it.
Most income inequality stats provide a cloudy and confusing picture of the real situation. Even worse, these stats are used to justify a wide variety of tax hikes and government interventions.
The brutal, absolutist, and mercantilist state that collapsed under the French Revolution was no benign and restrained regime. And in many ways, the monarchy's embrace of a powerful centralized state sowed the seeds of its own destruction.
The market probably interprets correctly that the European Central Bank will become even more dovish under Lagarde. This will encourage more risk in the financial system.
A future prime minister must have a clear understanding of his enemy, the socialist myth, why it fails, and why free markets succeed.
If the fans want the women to be paid more than the men, the consumers will have to spend more on watching them.
Farm subsidies encourage farmers to be inefficient and wasteful. Moreover, subsidies mostly benefit large farms and landowners, and not the "small family farms" we're told the subsidies protect.
