Don’t Blame Social Media. Blame the Politicization of Nearly Everything
Although social media is blamed for many social ills, the sickness doesn't come from Twitter or Facebook but from how the ruling classes have politicized life itself.
Although social media is blamed for many social ills, the sickness doesn't come from Twitter or Facebook but from how the ruling classes have politicized life itself.
Standard neoclassical economics texts claim a Pigouvian tax will lead to the "optimal" price and production of a good. But "optimality" is a myth.
The buzz in Washington is that the Fed is "fighting inflation." But this is like an arsonist fighting the fire he started.
Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls.
One of Google's latest projects has been the development of LaMDA (Language Model for Dialogue Applications), an artificially intelligent chatbot generator. Alas, Google has created another "woke" monster.
The Mauritius government still denies Chagossians independence, continuing colonial policies.
Peter Schiff once joked that Obama should have appointed Bernie Madoff secretary of the Treasury. The government's easy money policies ultimately lead to Ponzi schemes.
Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?
The Beltway is no place for loyalty.
Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash.