Time Preference, Interest Rates, and Stagflation
As a result of past reckless fiscal and monetary policies the pool of real wealth could be declining. If so, stagflation will result.
As a result of past reckless fiscal and monetary policies the pool of real wealth could be declining. If so, stagflation will result.
America’s founders did not envision the federal government as the domineering senior partner in almost everything. What was once best described as “sovereign States, united solely for specified joint purposes” has been largely eviscerated.
It’s hard to be optimistic about a Biden administration with so many hyperinterventionist Obama retreads. Get ready for new wars and "regime change" operations.
Scott Horton joins Jeff Deist for a sobering look at American hubris overseas, along with the blowback and destruction it causes. You don't want to miss this conversation.
Expect opponents of secession and decentralization to start claiming that neither option is acceptable because any big change to the status quo could endanger American "strength" in foreign policy. Don't listen to them.
The power to incinerate a billion or more human beings over morning coffee remains in the power of the president. This morning Biden supporters on Twitter were ecstatic over the video of the nuclear launch equipment being handed over to Biden.
Jeff Deist joins David Gornoski to talk about Biden's slandering of half of America's population and the calls to "deprogram" Trump voters.
Students have been denied in-person schooling. At the same time, millions of women—many of whom have children—have been thrown out of work. Suddenly, homeschooling became a much more viable and necessary option.
Will Trump pardon these two genuine heroes? He might yet surprise me, but I doubt it because we can see from the people he has already pardoned that his values are warped and perverted.
Foreign policy apparatchiks are adept at gaslighting the public into believing they’re bringing troops back home when in reality they’re either shifting troops around or just biding their time until a new round of "boots on the ground."
Mises's firm anti-inflation view—and his recommendation for a return to sound money (that is, free market money)—rested on his awareness of the disastrous consequences of an inflationary policy.
Many observers of international affairs assume that larger, more populous states are necessarily more powerful. But the reality is wealth and economic development are the most critical factors in securing true military power.
To offer a semblance of solidarity with the working class, wealthy leftists have substituted identity politics for class conflict, and attempted to recast economic problems as problems of racism or bigotry.
Manent insists that if political leaders don’t lead society, we will have a society that isn’t led by political leaders. So what?
"These days most people tend to equate freedom with the possession of inalienable individual rights, rights that demarcate a private sphere no government may infringe on. But has this always been the case?"
Ron Paul used the fall in purchasing power since the founding of the Fed to argue that the central bank had hurt regular Americans. Fed economist David Andolfatto disagrees, but Bob pushes back.
Rothbard: "At the outset of every step forward on the road to a more plentiful existence is saving….Without saving and capital accumulation there could not be any striving toward nonmaterial ends."
While it is popular and accurate to blame our societal elites for being inept, the truth is that these leaders, both political and cultural, are reflections of us.