Rather than increase efficiency and profitability, corporate managers look for easy ways to increase their salaries through leveraged buyouts. And central banks have a key role in making this easier and more common.
A important factor in wealth redistribution has been the increased participation of both financial and non-financial firms in financial markets.
Prices are set by how much people value goods and services. And people value things based on what they think will improve their life and well-being.
The data does not show that government taxes and regulation have been responsible for declines in smoking. At the same time, government approved cigarettes may be more dangerous than black market cigarettes.
Given the loose standards and high default rates that plague the student loan machine, the federal government might as well just be handing out credit cards so everyone can buy more stuff with subsidized loans.
The #NeverAgain movement that arose after last year’s Parkland shootings ignores how government officials cannot be trusted to behave honestly or responsibly to save student lives.
Many on the Left still cling to the idea that if they can only elect "the right people," everything will be fine. This is a doomed strategy.
Truckers are paid less now than in the 1970s because government regulators once tightly controlled competition, thus driving up the cost of living for everyone else.
The most characteristic feature of post-WWII business cycles is that they have originated in deliberately inflationary policies directed by central banks.
Bernie Sanders justifies his millions this way: he worked for it by writing a book. He also says that if you write a book, you could be a millionaire too. It's just that easy!
