Americans and Europeans redistribute a lot of wealth. But that doesn't mean it goes from high-income people to low-income people. In fact, a lot of government money goes back to the income groups that it came from. After the government takes its cut.
Samuel Moyn, a distinguished intellectual historian, argues that both Catholics and Protestants began in the 1930s to defend human rights and dignity, giving these ideas a conservative interpretation.
Somewhere along the line, Americans (and possibly others) began to suffer from the idea that starting a business and serving customers involves taking something out of the community.
The World Health Organization has declared that eating meat will kill you. But the WHO's war on meat is not really about your health. It's about "saving the planet" from the latest industry that has been deemed "unsustainable" by global elites.
Across the board drug decriminalization is coming and Ireland is next in line.
Given the current state of the economy, the Fed appears quite unlikely to raise interest rates any time soon. But what will it do if the economy starts to really go south?
Without freedom in ideas and the profit motive, entrepreneurs will be unable and unwilling to spread the benefits of science across the globe, and countless advances will be doomed to obscurity, when they could be used to improve human life.
Historically, reserve currencies have arisen without the help of the IMF, but we’re now witnessing a situation in which the IMF may declare the Chinese yuan a “reserve currency” as part of a larger game by global elites to manipulate global exchange rates.
