Honduras is one of the poorest countries in the Western Hemisphere, but the free city of Próspera, located just of the Honduras coast, is anything but poor. Here, private property and free markets are the norm and Bitcoin is legal tender. Of course, the socialists want it shut down.
Insurance companies canceled coverage on houses in neighborhoods that later burned. Government officials blame climate change, but the real problem lies with state and local governments.
Washington may have to manufacture some reason explaining why secession is good for Greenland, but secession is awful when Americans try it.
As Donald Trump prepares to take office again, we await the damage that surely will happen should he go through with his threats to levy historically-high tariffs against everyone else. One hopes good economic sense prevails.
A "right" to "climate justice" is now used as a foundation for lawsuits in some American states. Unfortuantely, the courts are taking it seriously.
The German National Socialists (Nazis) took their inspiration from the USSR and other European socialists.
Both Monetarists and Keynesians believe that a growing economy requires a growing money supply, thus, the Federal Reserve‘s “target” inflation rate of two percent. Austrian economists, however, understand that inflation at any level creates economic damage.
Functionally, there is no difference between the US's Medal of Freedom and the Order of Lenin awards handed out by the old Soviet Union.
The Federal Reserve has welcomed the New Year by more of the same. As government spending continues to explode, the Fed enables it with its usual financial tricks.
Bob looks at the misconceptions and misuses of GDP accounting, explaining why this widely accepted metric often paints a misleading picture of economic health.
